Vetter, a German company that specializes in contract aseptic filling, said it will build a production facility in the Chicago suburb of Des Plaines, IL.
It’s expected that the facility will create about 300 jobs, and the company plans to eventually build up to 1 million square feet of space on the 17-acre site that used to be home to the Salvation Army’s central territory headquarters.
Details of the agreement between the Ravensburg, Germany-based CDMO and the state’s Department of Commerce and Economic Opportunity didn’t outline specific incentives given to Vetter as part of the deal, the Chicago Tribune reported.
Still, the state said Vetter, which already has a production operation and offices in Skokie, plans to invest $320 million in the facility.
Vetter, which is privately held, specializes in filling syringes and vials with liquid medicines in sterile environments. One of the company's customers is AbbVie ($ABBV), the seller of arthritis fighter Humira, the world's best-selling prescription drug. In addition to AbbVie, other big pharma companies based in Chicago’s northern suburbs include Abbott ($ABT) and Baxter ($BAX).
Vetter putting $100M into its production network