Bris­tol My­ers Squibb strikes deal to sell NY site to South Ko­re­an con­glom­er­ate — but it's keep­ing qui­et on the de­tails

Bris­tol My­ers Squibb’s man­u­fac­tur­ing fa­cil­i­ty in East Syra­cuse, NY, is about to be swal­lowed up by one of the largest con­glom­er­ates in South Ko­rea.

Lotte Cor­po­ra­tion and BMS un­veiled a fresh deal for the site on Fri­day while keep­ing most of the de­tails — in­clud­ing the fi­nanc­ing — un­der wraps. BMS even de­clined to dis­close the site’s square footage in an email to End­points News. 

Mean­while, South Ko­rea’s Yon­hap News Agency re­port­ed that the deal cost Lotte $160 mil­lion. In re­turn, the con­glom­er­ate gets the site, equip­ment and a work­force with “tech­ni­cal ca­pa­bil­i­ties and ex­per­tise.”

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