US – US-based Formulated Solutions has signed an agreement to acquire newly updated 455,000ft² FDA-approved pharmaceutical liquids, semi-solids, aerosol, BoV, and metered dose nasal spray production facility located in Tennessee, US.
The addition of the new site in Cleveland will bolster the firm’s capabilities in topicals, metered dose nasal sprays, and the pressurized package manufacturing sector.
Additionally, the plant will allow Formulated Solutions to quickly bring additional production capacity online and support the growth of its future product pipeline.
The firm said that the Cleveland facility has broad capabilities for producing and packaging pharmaceutical and consumer self-care formulations.
Over the past five years the two-building facility, which sits on 60 acres, has seen significant investments in capital improvements and now includes a multitude of product capabilities, including blending of liquids, semi-solids, and suspensions.
It also has packaging capabilities spanning from flexible tubes, liquid-fill bottles, and metered dose sprays to traditional aerosol and bag-on-valve aerosol delivery systems that can support a large variety of development and commercial supply programs.
This acquisition marks the first time in the site’s 43-year history to be operated by a privately held Contract Development and Manufacturing Organization (CDMO).
John Maddox, Chief Operating Officer of Formulated Solutions said: “With an average year-over-year growth of well over 50% Formulated Solutions is thrilled to add the aerosol, bag-on-valve, and liquid-fill capabilities of this 455,000 square-foot site to our manufacturing assets.
“Our customers, consumers, physicians, and patients rely on us each and every day to supply high quality, cost-effective solutions for consumer self-care and physician-advised treatments.
“This acquisition will help us further fulfill that commitment to all our marketing partners as our business continues to grow and evolve.”
Formulated Solutions is committed to both maintaining and growing the production capabilities and output of the Cleveland, TN facility.
“The Cleveland, TN production site has a long and rich history of being an important part of the local community and for being an instrumental location for the manufacture of some of the world’s best-known consumer self-care products,” concluded Will Ford, VP of Operations at Formulated Solutions.
“We look forward to continuing our relationship with the fine people of Bradley County and working to restore the Cleveland site’s manufacturing operations to its full potential.”
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