Capital Recovery Group (CRG), Federal Equipment Company, Heritage Global Partners and PPL Group LLC recently announced the finalisation of the purchase, in its entirety, of a flexible pharmaceutical manufacturing and packaging facility from a generics manufacturer in Huntsville, Alabama.
A strategic redevelopment is planned for the 110 acre campus. This facility will accommodate a wide variety of uses ranging from the existing pharmaceutical, to alternate manufacturing, to high cube distribution warehouse.
The site includes three independent modern buildings totalling approx. 800,000 sq. ft with a 275,000 sq. ft distribution warehouse with offices, a 330,000 sq. ft oral solid dose facility with two serialised packaging lines and a 195,000 sq. ft non-sterile liquids manufacturing facility with four filling lines.
The site also has two pads for potential future expansion. Each of the three buildings and equipment are available as standalone operations or together.
“We are excited to share these opportunities, including bringing to market late model tablet manufacturing and serialised packaging equipment, as well as offering top-quality liquids manufacturing and filling lines as a turnkey operation," stated Adam Covitt, Vice President of Federal Equipment Company.