One of Our Latest Industry Happenings!
PuraCap Laboratories to Invest in Franklin
(April 6, 2017) Frankfort, Kentucky
(from the Franklin Favorite)
Laboratories LLC will expand its Franklin operations with a $2.5
million investment, creating 30 full-time jobs and transforming the
facility into the company's global pharmaceutical packaging and
comes nearly a year after PuraCap purchased Blu Pharmaceuticals LLC,
a privately held generic pharmaceutical company, which located in
Franklin in 2007. Since the acquisition, PuraCap added packaging
operations, increased distribution capacities, purchased new
equipment and nearly doubled employment to include 25 Kentucky
site currently consists of two packaging lines with three pouching
lines expected to be operational in the coming weeks.
In this new
project, the company plans to add two more packaging suites to
support new and existing business and expand the warehouse into the
existing facility. The existing 180,000-square-foot building is
large enough to house the changes.
"We are very
pleased to expand our business in Franklin, Ky. Our recent
acquisition of the site in Franklin is one of many that PuraCap
International has taken in the past year to expand our presence in
the generic pharmaceutical industry," said PuraCap International
president Sean Weeks. "Providing full customer services from this
site allows for streamlined supply chain functions, as this location
is central to a majority of our customers' distribution centers in
the USA. We appreciate the support shown by the state of Kentucky
for the continued growth and success of our company."
Laboratories is a subsidiary of PuraCap International LLC, located
in Piscataway, N.J. The company's Franklin operation repackages and
distributes products from PuraCap manufacturers, including PuraCap
Caribe in Puerto Rico, PuraCap Pharmaceuticals LLC in New Jersey and
Epic Pharma LLC in New York. Products include non-controlled
prescription drugs, over-the-counter drugs and a medical device.
Consumers of the Franklin facility's products include retailers,
wholesalers, government agencies and other customers across the
Ronnie Clark emphasized the significance of the project.
Laboratories' expansion in Franklin is great news for our
community," he said. "This large, New Jersey-based company is making
Franklin, Kentucky their global distribution and packaging hub. The
additional jobs they are bringing to Franklin is welcomed news for
Judge-Executive Jim Henderson expressed gratitude that the company
will remain and grow in Franklin, even under new ownership.
"We are pleased
that PuraCap Laboratories, which acquired one of our existing
industries about a year ago, is now expanding their operations in
Franklin," Judge-Executive Henderson said. "Over the next few years,
they will be investing several million dollars into our community.
The jobs that they are creating with this expansion is certainly
great news for Simpson County."
the investment and job growth in the community, the Kentucky
Economic Development Finance Authority (KEDFA) in February
preliminarily approved the company for tax incentives up to $160,000
through the Kentucky Business Investment program. The
performance-based incentive allows a company to keep a portion of
its investment over the agreement term through corporate income tax
credits and wage assessments by meeting job and investment targets.
PuraCap can receive resources from the Kentucky Skills Network.
Through the Kentucky Skills Network, companies can receive no-cost
recruitment and job placement services, reduced-cost customized
training and job training incentives. In fiscal year 2016, the
Kentucky Skills Network provided training for nearly 95,000
Kentuckians and 5,000 companies from a variety of industry sectors.
For more information, contact Industrial Authority Executive Director
Dennis Griffin at 270-586-4477 or at