Newspaper article The Record (Bergen County, NJ)

Becton Sells Factory, Rights to 7 Drugs

Newspaper article The Record (Bergen County, NJ)

Becton Sells Factory, Rights to 7 Drugs

Article excerpt

Becton, Dickinson and Co. of Franklin Lakes has sold a North Carolina factory and a line of drugs to Fresenius Kabi USA, the U.S. division of a German health care company.

The companies did not reveal the financial terms of the sale of the BD Rx business, which makes seven drugs in prefilled glass syringes. Prefilled syringes are designed to reduce the risk of medication error. The deal includes a manufacturing plant in Wilson, N.C., where the seven drugs are produced.

"Fresenius Kabi is a better owner for the BD Rx business, because it complements their existing capabilities in the injectable pharmaceutical industry," Tom Polen, president of BD's medical segment, said in a statement. As part of the sale, a small number of workers -- fewer than five -- at BD's Franklin Lakes headquarters will move to Fresenius Kabi, according to BD spokesman Troy Kirkpatrick. …

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