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Perrigo Sells Montague Plant
ALLEGAN — Perrigo Co. has agreed to sell its Montague manufacturing plant to Connecticut-based Tower Laboratories for an undisclosed amount. The deal is expected to close by the end of the year.
Perrigo announced in late June that it would phase out operations and close both its Montague and
The Montague and
Shannon said Perrigo still plans on closing the
As to why the plants were scheduled for closure, Perrigo indicated that since acquiring Agis Industries in March, it has pursued opportunities to integrate both businesses and to make them as efficient as possible, “while at the same time evaluating ways to improve underperforming assets.”