March 1, 2012 / 2:51 PM / 6 years ago

Abbott to build nutritional plant in Ohio

March 1 (Reuters) - Abbott Laboratories Inc said Thursday it will build a plant in Ohio to expand production of its adult nutritional products, Ensure and Glucerna, for the North American market.

Abbott generates nearly $2 billion in global sales from its Ensure protein shakes and its Glucerna products, which are available as snack bars and shakes to help diabetics control blood sugar levels. Abbott reported $6 billion in total nutritional sales for 2011, which amounted to 15 percent of overall company sales.

The company said on Thursday it will invest $270 million in the Tipp City, Ohio, facility, which will employ about 240 people.

Abbott is set to split into two companies later this year -- one for its pharmaceuticals, and the other a diversified products company that includes nutritionals as well as medical devices, diagnostics and generic drugs. (Reporting By Lewis Krauskopf; Editing by Gerald E. McCormick)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below