Puracap International Acquires Blu Pharmaceuticals
More Jobs Coming to Simpson County
(July 7, 2016) Franklin, Kentucky (By Brian Hancock, Franklin Favorite)
PuraCap International LLC (PuraCap), a generic pharmaceutical company based in South Plainfield, New Jersey, has recently acquired a local company, Blu Pharmaceuticals, located on Highway 1008 in Franklin. The business will be renamed PuraCap Laboratories. This acquisition will mean that PuraCap’s new Franklin facility will be the worldwide distribution center for the PuraCap family of companies; “This should create additional distribution related jobs at the Franklin facility in the coming years” said Sean Weeks, President of PuraCap International (which owns PuraCap Laboratories). “Franklin’s location is ideal and is strategic within the major transportation hubs and access to customer distribution centers. This site will be a great asset to us in insuring our products can be delivered efficiently throughout the United States” added Mr. Weeks.
In addition to distribution, a new packaging operation has been started at the Franklin facility. A blister packaging line is already operational and a bottle packaging line is currently being installed to handle additional packaging from other PuraCap subsidiaries. Additional packaging lines will be installed in the future. The acquisition by PuraCap could see as many as forty new jobs being created at the former Blu Pharmaceuticals distribution center.
Bill and Sharon Luster, the owners of Blu Pharmaceuticals, expressed their delight in joining forces with PuraCap. “PuraCap is one of the outstanding pharmaceutical companies in America and their acquisition of our company will insure continued growth for this facility and for the City of Franklin. We appreciated the tremendous support we received from the Franklin Simpson Industrial Authority when we first established our company in Franklin ten years ago. We will continue to play an active role in the new company and are excited about the opportunities it will bring to this area”
Gary Broady, Chairman of the Franklin Simpson Industrial Authority, congratulated Bill and Sharon Luster on their merger with PuraCap. “PuraCap is an emerging company in the pharmaceutical industry in America. Their presence in Franklin provides some unique job opportunities for our area and will further diversify our industrial economy in Franklin.”
PuraCap Pharmaceuticals, LLC is a fast growing, fully integrated pharmaceutical company with expertise in product development, manufacturing, and bringing affordable, world class quality products to their customers. PuraCap Pharmaceuticals has dedicated companies in the area of prescription brands as well as prescription generics and over the counter and private label brands.