Foster Wheeler acquires US-based Yonkers Industries

09 January 2013 13:34  [Source: ICIS news]

HOUSTON (ICIS)--Foster Wheeler has acquired US-based Yonkers Industries for an undisclosed sum, the international energy and petrochemicals engineering firm said on Wednesday.

Yonkers Industries is specialised in the management of construction and commissioning of pharmaceutical and biotech facilities. The company employs a staff of 200 at offices in the US and Puerto Rico.

“The acquisition of Yonkers Industries gives our pharmaceutical business a construction management capability in North America,” said Kent Masters, CEO of Foster Wheeler.

Foster Wheeler Biokinetics, our US-based pharmaceutical unit, will experience the most immediate benefit from this acquisition, as the client portfolios and geographic coverage of the two companies fit together quite effectively,” Masters added.

By: Stefan Baumgarten
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