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CPL Ltd. To Close Buffalo Facility

260 employees to be laid off as CPL consolidates operations.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

According to a report in Bloomberg Businessweek, Contract Pharmaceuticals Limited will close its Buffalo, NY plant by the end of 2011 due to low demand. The move will lay off 260 employees. Buffalo’s operations will be consolidated into the company’s Mississauga, Ontario site.

The article notes, “The Canadian company’s chief executive, Ken Paige, says that when CPL acquired the 415,000-square-foot Buffalo facility five years ago, executives believed they could attract new business to fill the excess capacity. But he says the economic downturn has led companies to slow drug development and to make more products in-house, rather than contract out.”

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