Formulated Solutions will pump $44 million into its recently acquired manufacturing facility in Tennessee in an expansion project expected to create 524 new jobs.
Formulated snapped up the former Merck & Co. and Bayer manufacturing facility in Cleveland, Tennessee, in December for an undisclosed price. The 455,000-square-foot plant was previously operated by Germany’s Beiersdorf Inc. and made personal care products such as the Coppertone sun lotion brand.
The company said it plans to hire 380 new staff members and extend job offers to “the substantial majority” of former Beiersdorf employees to hit the 524 head count number.
In recent years, the facility has undergone a number of improvement projects at the 60-acre site that included blending of liquids, semisolids and suspensions. Its packaging capabilities offer flexible tubes, liquid-fill bottles and metered dose sprays, and more.
The Tennessee expansion will help Florida-based Formulated Solutions meet customer demand while expanding its pharmaceutical production footprint, according to a March 7 press release from Tennessee Gov. Bill Lee’s office.
“Tennessee’s skilled workforce, thriving economy and central location make our state the ideal location for companies to succeed,” Lee said in the release.
Prior to the COVID-19 pandemic, the facility employed 458 workers.
“When scouting for a location to invest and expand our pharmaceutical production facilities, Cleveland, TN was a very attractive choice,” Victor Swint, Formulated’s president and CEO, said in the release. “With a long history of local pharmaceutical production and an abundance of well-trained, reliable workforce talent, we are excited to join the thriving local community and contribute to the area’s manufacturing legacy.”