A company has decided to sell a "significant" portion of its assets at its central Kentucky facility.
According to PR Newswire, Martek Biosciences Corporation has entered into an agreement to sell much of the assets at its Winchester facility to Nicholasville-based Alltech.
Alltech is an animal health company, and also the title sponsor of the World Equestrian Games.
According to PR Newswire, the assets being sold at Martek's Winchester facility include a majority of the land and buildings, as well as certain equipment inside.
Alltech will reportedly pay Martek approximately $14 million over the next four years. The transaction is expected to close by November 30.