FORT DODGE, Iowa — A veterinary medicine production facility, which was set to close at the end of the year, is now pending sale to a company from New Zealand.
The Fort Dodge City Council has agreed to a financial assistance package, which is up for approval by the Iowa Economic Development Authority on Friday. The new company would create 30 jobs in the plant.
The Boehringer Ingleheim Riverside Production facility had been doing contract production work for another company. That contract work is set to conclude at the end of 2015.
The incentive plan calls for a $500,000 loan through the state of Iowa. ARGENTA of New Zealand has agreed to purchase the property from Boehringer Ingleheim. The deal could be finalized by July 1. ARGENTA’s subsidiary AML Riverside would operate the plant.
Boehringer Ingleheim recently announced plans to invest $100 million in their 5th Street plant in Fort Dodge.
“The synergy of these two companies propels Fort Dodge’s leadership in the animal health industry,” said Dennis Plautz, who is CEO of the Greater Fort Dodge Growth Alliance.
According to the Growth Alliance, Fort Dodge has companies from all over the world. Nestle is a Swiss owned firm, CJ Bio America is from Korea, Boehringer Ingleheim is from Germany, CertainTeed is run by a French Company, and AML Riverside, the new plant owner is owned by ARGENTA of New Zealand.