Foster Wheeler buys pharma-builder, Yonkers

Switzerland-based Foster Wheeler AG has acquired Yonkers Industries, Inc, a 30-year-old US-based firm that specialises in the management of construction and commissioning of pharmaceutical and biotech facilities.

With offices in California, North Carolina and Puerto Rico, Yonkers Industries has approximately 200 staff. Through its participation in a project-services partnership called Modular Partners, Yonkers also has the ability to provide modular project delivery services worldwide.

"The acquisition of Yonkers Industries gives our pharmaceutical business a construction management capability in North America," said Kent Masters, Foster Wheeler CEO. "Yonkers has a global reputation for excellence in contract execution, and the addition of this construction management capability immediately strengthens our value proposition to pharmaceutical and biotech clients."

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