A Fort Dodge company will have new owners by the end of this year. The German-based Boehringer Ingelheim firm announced Monday the purchase of Fort Dodge Animal Health from Pfizer Incorporated and Wyeth. Yesterday’s deal is part of a spinoff of the transaction in which Pfizer is acquiring Wyeth, the parent company of Fort Dodge Animal Health.
Terms of the deal were not announced. The transaction needs approval by the Federal Trade Commission. At this time there will be no changes in the work force at Fort Dodge Animal Health. The company has two plants in Fort Dodge. It has been in business since 1912. Last January Pfizer announced plans to purchase Wyeth for 68 billion dollars.
Boehringer Ingelheim is a company that makes prescription medicines, consumer health care and animal health products. The company was started in 1885 with a work force of 41 thousand 300 employees worldwide.
Contributed by Pat Powers, KQWC, Webster City