Millipore closing plants in New Jersey, Sweden

Millipore Corp. said today it plans to close plants in Lincoln Park, New Jersey and Nodinge, Sweden and has proposed shuttering two sites in the United Kingdom, as part of a company-wide plan to streamline its operations.

A spokeswoman for the Billerica life sciences company said it plans to eliminate or relocate up to 140 positions around the world, though none in Massachusetts.

In addition to its desire to become more efficient, Millipore cited declining revenue in its bioprocess division, which provides services and supplies to companies involved in drug manufacturing.

Millipore said it expects to record charges of $25 million to $30 million, including $8 million to $10 million for employee separation costs and $3 million to end leases. After the cuts, Millipore expects to save $11 million to $15 million a year.
(By Todd Wallack, Globe staff)