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Stada sells 2 plants in RussiaStada Arzneimittel has sold two plants in Russia as it tries to improve production efficiency at two others there.
The German company has sold its OOO Makiz Pharma in Moscow and its OOO Skopin Pharmaceutical Plant in Ryazanskaya to DMN Invest of Moscow in what it calls a "partial management buyout."
The buyers will take on 186 employees from the two manufacturing sites immediately and agreed to take on another 200 that temporarily remain with Stada as production is moved from the two sold plants to other Stada facilities through 2014. The company will continue to supply its customers during the transition.