AM­RI plans to ax staffers, re­struc­ture af­ter com­plet­ing a $358M buy­out

Now that AM­RI has com­plet­ed its $358 mil­lion buy­out of the Ital­ian API man­u­fac­tur­er Eu­ti­cals, the com­pa­ny is re­struc­tur­ing, ax­ing an un­spec­i­fied num­ber of em­ploy­ees to make way for the ad­di­tion.

In an SEC fil­ing this week, Al­bany, NY-based AM­RI re­port­ed that it will in­cur $5.7 and $7.3 mil­lion in costs to re­duce its pay­roll in the U.S. and Eu­rope, along with oth­er trans­ac­tion­al costs. There was no men­tion of how many staffers are be­ing cut in the fil­ing, and the com­pa­ny did not im­me­di­ate­ly re­turn a call from End­points.

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