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Thermo sold Mexico plant overrun by drug lords, lawsuit claims

Posted on

May 13, 2013


A Los Angeles private equity firm is suing Thermo Fisher Scientific Inc. (NYSE: TMO), alleging the Waltham, Mass., maker of life sciences equipment sold it a manufacturing plant in Reynosa, Mexico, that had been occupied by a drug cartel.

Thermo Fisher Scientific Inc. Lenexa KS

A private equity firm’s lawsuit alleges Thermo Fisher Scientific knowingly sold a Mexico manufacturing plant that had been overrun by a drug cartel

According to the Wall Street Journal, Opengate Capital Group alleges gangsters parked “tractor-trailers filled with unknown cargo” at the plant and brandished weapons at workers.

According to the Journal, a Thermo Fisher spokesman declined to comment Friday.

OpenGate bought the plant from Thermo along with the company’s Lab Workstations business, which makes benches and other lab furniture, in October for $3 million cash and a note for $10 million more.

According to the lawsuit, as cited by the journal, the facility employs 1,000 and has been infiltrated since at least 2011 by senior local leaders of the Gulf Cartel, a Mexican criminal organization.



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