LOTTE’s Acquisition of a Manufacturing Facility

Baker McKenzie advised BMS on the deal.

Bristol Myers Squibb (BMS) executed the sale of its manufacturing facility in East Syracuse, New York to LOTTE. The East Syracuse site will serve as the LOTTE Center for North America Operations for LOTTE’s new biologics contract development and manufacturing organization (CDMO) business in the US.

The companies anticipate completing the transaction by the second half of 2022, subject to receipt of regulatory approvals and the satisfaction of other closing conditions.

The Baker McKenzie team was led by Olivia Tyrrell (Picture), Michelle Carr, Airi Hammalov, Anat Polyachenko, Jessica Wicha, Sarah Winston, Victor Flores, Teisha Johnson and Adam Aft. 

Involved fees earner: Adam Aft – Baker McKenzie; Michelle Carr – Baker McKenzie; Victor Flores – Baker McKenzie; Airi Hammalov – Baker McKenzie; Teisha Johnson – Baker McKenzie; Anat Polyachenko – Baker McKenzie; Olivia Tyrrell – Baker McKenzie; Jessica Wicha – Baker McKenzie; Sarah Winston – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: Bristol Myers Squibb ;