In August, S&s Global Plcs parent company S&ams International Plc acquired UCB.
UCB, which had grown into the largest private employer in the United States, was shut down by the government and was sold to SGS Plc, a wholly owned subsidiary of SGS Group, which also owns S& Global PlCs parent company, SGS Global Plates.
But that deal went through after the government revoked S&AMS license to operate UCB and ordered SGS to sell UCB back to Samp.
That sale, which happened in September, is now in limbo.
The Department of Homeland Security is now looking into whether UCB was ever a threat to the United State.
The sale, however, was not supposed to go through.
“UCB’s closure was a natural step toward the end of a challenging period for the company, and its staff, in a time of transition,” UCB CEO Tom Riehl said in a statement after the transfer.
“It’s been an exciting journey over the past few years and I am grateful to all of the UCB staff, employees, and partners that have made it possible.”
But Riell, who joined UCB in 2000, also made it clear that the company was not going to be able to survive in a post-Trump world.
“There’s no way that I could survive as a private employer,” Riella said.
“I would never let myself go.
But there are going to have to be more of us in government, so that’s what I’m working on.”
The deal for UCB will be announced sometime in the next few weeks.
S&APS has been under a microscope since its acquisition by S&am Global Plastics in January of last year.
Samp’s move is a win for the U.S. Department of Agriculture, which has been investigating S&aps global activities.
In February, the USDA released a report accusing S&s of violating the Foreign Corrupt Practices Act, and the company is currently facing lawsuits.
The USDA is investigating Samp for the alleged involvement of former President Trump in the company’s illegal payments to the Russian government, including for a Trump Tower project.
Samps move also comes on the heels of the Trump administration’s decision to end a policy that allowed S&p Global PlC to sell off UCB’s U.K. and German businesses.
S & Global Pl cs bid to buy UCB fell through in October, but the company has said it intends to keep UCB for as long as it can.