Pharmaceutical company Daiichi Sankyo Inc. has bought a 140,000 square foot facility in Bethlehem Township, PA, from Amcor, a global packaging manufacturer. Worth $10.25MM, this acquisition let DSI leverage existing resources to more cost-effectively supplement its operations rather than build a new facility. The plant is expected to be operational in the summer or early fall of 2011 and is expected to package some of company's portfolio of marketed pharmaceutical products, such as Benicar, Welchol and Azor.
Once the facility is operating at full capacity, it is expected to assume an increasing responsibility for packaging the entire line of marketed products in the U.S., as well as perform compounding operations for select products.
"Creating and protecting family-sustaining jobs in Pennsylvania is one of this administration's highest priorities, so I'm pleased to announce Daiichi Sankyo's decision to select PA as the site for its first-ever U.S. packaging and manufacturing plant," says Governor Corbett. "By creating approximately 80 jobs, continuing the productive use of a facility that would otherwise have been closed, and injecting more than $15 million in outside investment into the local economy, this project will have a definite positive impact on the Lehigh Valley region."
DSI conducted a comprehensive national site search with McCallum Sweeney Consulting to identify an existing facility that mirrored the company's packaging goals and specifications. After a national screening of 62 sites in 48 communities in 12 states, the company selected the site in Bethlehem. Upon completing the initial phase of the renovation, DSI plans to hire approximately 80 new employees and will create a positive economic impact through related purchasing of goods and services from local businesses.
"This acquisition diversifies our company's capabilities and allows us to streamline our operations and minimize commercialization risk by exerting greater control over the life cycle of our products, from research and development through packaging and distribution," says Jeff Lane, vp of operations, Daiichi Sankyo Inc. "We are excited to be opening a facility in Bethlehem and look forward to a productive future working relationship and becoming a part of the local community. The Governor's Action Team, Lehigh Valley Economic Development Corporation, the Northampton County and City of Bethlehem were invaluable partners in helping to make this milestone possible."
Source: Daiichi Sankyo Inc.