The 200 employees at the borosilicate glass tubing facility in Vineland will stay on after it is sold, according to an announcement by officials.
The 200 employees at the Gerresheimer Glass Inc. borosilicate glass tubing facility in Vineland will stay on after it is sold to Corning Inc., according to an announcement by officials.
The sale is part of a 196 million euro deal — equaling $217.3 million — between Germany-based Gerresheimer and New York-based Corning. In addition to the sale of the Vineland facility, Gerresheimer is also selling its Pisa, Italy, glass tubing facility and entering into a 10-year partnership with Corning for the supply of the borosilicate glass tubing.
“Corning is an expert in the field of material sciences and glass production and therefore our perfect partner when it comes to serving our needs for highest quality pharmaceutical glass,” said Uwe Röhroff, CEO of Gerresheimer, in the announcement.
Gerresheimer has multiple sites in Vineland. The deal with Corning will affect the borosilicate glass tubing production at the Crystal Avenue site. An employee meeting was held Tuesday for Gerresheimer employees about the transition and individual meetings were held afterward.
Gerresheimer previously announced the closure of its Millville molded glass facility and the laying off of 100 workers that worked there.