Bayer HealthCare will spend up to $145 million to buy the animal health business of Teva Pharmaceutical, the Israeli firm with facilities in St Joseph.
Bayer is based in Shawnee, Kansas. In a statement, Bayer said the acquisition of Teva will allow them to expand their food animal product lines in the U.S.
Teva employ 300 workers in St Joseph.
Teva Pharmaceutical is based in Israel. The firm recently broke ground on a new facility in Overland Park, Kansas. The company said in a news release that the sale of it’s animal health division will allow it to concentrate on its human health businesses.