Opengate Capital Group has sued laboratory equipment maker Thermo Fisher for failing to inform it that a drug cartel was operating at a Mexican plant it sold to the private equity firm last year.
Opengate claims that the facility had been regularly infiltrated by gangs from the Gulf Cartel since at least 2011, said Reuters, citing a copy of the complaint.
It is unknown how much Opengate is seeking in damages. The firm acquired the Laboratory Workstations business in October last year for an undisclosed amount.
Lab Workstations has annual revenues of $175m.
The lawsuit alleges that Thermo Fisher withheld documents and directed its employees to hide evidence of the gang’s presence at the plant.
It added that the company failed to make necessary security upgrades to keep away gang members, which it said intimidated employees and parked cars and trailer with unknown cargo at the facility.
Opengate said in the complaint, “Thermo Fisher made none of the upgrades that were recommended by its security advisers in January and February 2012, and took no meaningful action to fortify or further secure the Facility in response to the continuing cartel infiltration.”
In November last year Opengate made a stunning return of 50 times from the exit from car parts manufacturer Ride Control after two years of ownership.
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