Actavis will lay off approximately 200 employees by closing the Earth City facilities of Forest Laboratories Inc., Actavis management announced in an internal memo to employees.
The announcement comes a week after Dublin-based Actavis acquired Forest Laboratories in a deal valued at $28 billion. The closing of the Earth City facility will be effective June 2015. Warehousing and distribution activities now based in Earth City will be relocated to an Actavis distribution center in Gurnee, Ill.
The merger between generic drug manufacturer Actavis and brand-name drug manufacturer Forest Labs is expected to result in $15 billion in revenue in 2015.