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ST. JOSEPH, Mo. (AP) - Bayer Corporation plans to close its animal health products plant in St. Joseph, costing 130 employees their jobs.
The company said in a statement Tuesday the plant would close by mid-year but sales of the products made there would continue until the inventory is gone.
Bayer said in February that it was looking for a buyer for parts of the Bayer HealthCare operation, which it bought from Teva Pharmaceutical.
The Kansas City Star reports Bayer earlier announced plans to invest $6.5 million in the plant and received offers for state and local incentives. However, the company decided not to pursue those incentives.
Bayer said a changed market left it with excess capacity and prompted the decision to close the plant.
© Associated Press
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