News

Idexx, one of Maine’s biggest employers, pulls out of Russia

Idexx, one of Maine’s biggest employers, pulls out of Russia

Photo: clipart.com


WESTBROOK, Maine (AP) One of the largest employers in Maine is permanently closing a Russian subsidiary and ceasing business in the country.

Westbrook-based Idexx Laboratories, a leader in veterinary medicine, disclosed its decision with the Securities and Exchange Commission last week, the Portland Press Herald reported.

The company said in a disclosure to investors that it was providing transition support to Russian employees affected by the closure. It said it is liquidating the Russian subsidiary.

Idexx had 18 staff workers in Moscow before Russia’s invasion of Ukraine, the newspaper reported. Many other U.S. and international companies already had pulled out of the country since the invasion.

Idexx, which has more than 1,000 employees in Maine, is a leader in the veterinary diagnostics and software fields.

The company reported more than $3.2 billion in revenue last year. Russia accounted for less than 1% of consolidated revenue, the company said.

Latest Headlines

11 hours ago in Local

3 People Arrested in Penobscot County Drug Raid

Deputies say the investigation remains active and additional charges may be forthcoming.

11 hours ago in Local

Tito’s Vodka Ordered to Pay $750,000 in Taxes and Penalties in Maine

The court determined the manufacturer did not file tax returns for an audit period.

14 hours ago in Local

Maine supplemental budget clears committee, heads to full legislature

Maine’s supplemental budget is advancing, and it includes a tax increase on millionaires and $300 relief payments to more than half a million lower income Mainers.

17 hours ago in Local

Missing South Portland man found safe

Police say Kulinski has been found safe.

1 day ago in Local

Maine Lawmakers Pass Bill to Let Jails Turn Away Some ICE Detainees

Governor Mills has indicated she will sign the bill.