Girindus Pharma Plant Sold for $9.5 Million
Published: Jan 31, 2013
The Girindus America Inc. facility on Reading Road in Reading has been sold to Nitto Denko Avecia Inc. for $9.5 million, as part of Avecia’s previously announced acquisition of the Cincinnati-based pharmaceutical manufacturing business. Girindus America was a subsidiary of Girindus AG, a manufacturer of pharmaceutical ingredients based in Hanover, Germany. It acquired its Cincinnati facilities, which employed about 50 people, from Aventis in 2001. They were formerly part of the Marion Merrell Dow complex.