Bayer Corp. plans to shutter its animal health products manufacturing plant in St. Joseph and idle 130 employees. All operations except for a distribution center will close this summer.
Bayer said in February that it was seeking buyers for parts of the Bayer HealthCare operation, which it had agreed in 2012 to purchase from Teva Pharmaceuticals for up to $145 million.
The company at one point announced plans to invest $6.5 million in the plant, for which it would have received state and local incentives. But Bayer said shifts in the market led to excess capacity, which drove the decision to close the plant.