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B & L new owners getting millions to move

Rochester, N.Y. - Bausch and Lomb's new owner, Valeant, is getting millions of dollars from the state of New Jersey to move it's U.S. headquarters there.

The New Jersey Economic Development Authority announced this week that Valeant was awarded a $39.5 million dollar grant to be paid out over 10 years.

After buying Bausch and Lomb, Valeant announced this summer that it would move B & L's headquarters to New Jersey.

Valeant says it will maintain a manufacturing site in Rochester.

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Washington Times