(April 6, 2017) Frankfort, Kentucky
(from the Franklin Favorite)
PuraCap 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 distribution hub.
The project 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 residents.
The Franklin 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
PuraCap 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 country.
Franklin Mayor Ronnie Clark emphasized
the significance of the project.
"PuraCap 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 our area."
Simpson County 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
To encourage 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
In addition, 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