A group of investors including Capital Recovery Group (CRG), Federal Equipment Company, Heritage Global Partners and PPL Group has announced that they have purchased a flexible pharmaceutical manufacturing and packaging facility from a generics manufacturer in Huntsville, Alabama.
Image: Investor Group purchases pharmaceutical facility in Alabama. Photo: Courtesy of rawpixel on Unsplash.
A strategic redevelopment is planned for the 110-acre campus. This facility will accommodate a wide variety of uses ranging from the existing pharmaceutical, to alternate manufacturing, to high cube distribution warehouse.
The site includes three independent modern buildings totaling +/- 800,000 s/f, with a +/- 275,000 s/f distribution warehouse with offices, a +/-330,000 s/f oral solid dose facility with two serialized packaging lines, and a +/-195,000 s/f non-sterile liquids manufacturing facility with four filling lines.
The site also has two pads for potential future expansion. Each of the three buildings and equipment are available as standalone operations or together.
Federal Equipment Company Vice President of Adam Covitt said: “We are excited to share these opportunities, including bringing to market late model tablet manufacturing and serialized packaging equipment, as well as offering top-quality liquids manufacturing and filling lines as a turnkey operation.”
Source: Company Press Release.