Florida-based pharmaceutical manufacturer to invest nearly $44 million, create 524 new jobs in Tennessee
Nashville – Formulated Solutions Cleveland, LLC officials announced today the company will invest $43.6 million to establish manufacturing operations in Southeast Tennessee.
Formulated Solutions will create 524 new jobs in Bradley County following its recent acquisition of the 455,000-square-foot former Beiersdorf facility in Cleveland. The company plans to hire 380 new staff members and extend job offers to the substantial majority of the former Beiersdorf employees.
“I have been humbled by the overwhelming positive reception the Formulated Solutions team has received from both Bradley County and the great state of Tennessee,” said Victor Swint, President and Chief Executive Officer, Formulated Solutions Cleveland, LLC. “In scouting for a location to invest and expand our pharmaceutical production facilities, Cleveland, TN was a very attractive choice. With a long history of local pharmaceutical production and an abundance of well-trained, reliable workforce talent, we are excited to join the thriving local community and contribute to the area’s manufacturing legacy.”
The expansion to Tennessee will allow Formulated Solutions to better meet its growing customer demand while also broadening the company’s pharmaceutical production.
Headquartered in Largo, Florida, Formulated Solutions specializes in the development and manufacturing of aerosols and barrier pressurized packs, tubes, liquids and semi-solids, including over the counter (OTC), medical device and branded prescription drugs. Once operational, the Cleveland facility will serve as the company’s second commercial production site and first production location outside of Florida.
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