12.18.22
Formulated Solutions, a Florida-based contract development and manufacturing organization (CDMO), has inked an agreement to acquire a newly updated 455,000 sq.ft. FDA-approved pharmaceutical liquids, semi solids, aerosol, BoV and metered dose nasal spray production facility located in Cleveland, TN.
The Cleveland facility features extensive capabilities in the production and packaging of pharma and consumer self-care formulations. The acquisition will strengthen Formulated Solutions’ capabilities in topicals, metered dose nasal sprays, and pressurized package manufacturing and allow the company to quickly bring additional production capacity online while also paving the way for fulfillment of their future innovation pipeline.
Over the past five years, the two-building facility has seen significant investments in capital improvements and now includes a multitude of product capabilities, including blending of liquids, semi-solids, and suspensions and 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.
The building sits on 60 acres. It was previously owned and operated by several world-class pharmaceutical companies; this will be the first time in the site’s 43-year history to be operated by a privately held CDMO.
“With an average year over year growth of well over 50% annually, 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," said John Maddox, COO of Formulated Solutions. "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 says it 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,” noted 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.”
The Cleveland facility features extensive capabilities in the production and packaging of pharma and consumer self-care formulations. The acquisition will strengthen Formulated Solutions’ capabilities in topicals, metered dose nasal sprays, and pressurized package manufacturing and allow the company to quickly bring additional production capacity online while also paving the way for fulfillment of their future innovation pipeline.
Over the past five years, the two-building facility has seen significant investments in capital improvements and now includes a multitude of product capabilities, including blending of liquids, semi-solids, and suspensions and 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.
The building sits on 60 acres. It was previously owned and operated by several world-class pharmaceutical companies; this will be the first time in the site’s 43-year history to be operated by a privately held CDMO.
“With an average year over year growth of well over 50% annually, 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," said John Maddox, COO of Formulated Solutions. "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 says it 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,” noted 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.”