Martek acquisition
This article was originally published in The Tan Sheet
Executive Summary
Columbia, Md.-based firm completes purchase of FermPro Manufacturing and its Kingstree, S.C. plant. Transaction is expected to add at least $30 to $50 mil. of production capacity for Martek after operations and equipment are fully integrated (1"The Tan Sheet" July 28, 2003, p. 14). Martek also is in the process of spending $20 mil. to $30 mil. to increase manufacturing capacity of its Winchester, Ky. facility (2"The Tan Sheet" June 9, 2003, p. 9). Firm appoints FermPro President & CEO Barney Easterling as Martek VP...