Wolf Administration Celebrates Continued Investment in Manufacturers and Visits Almac Group’s US Headquarters in Souderton

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Souderton, Pennsylvania – Department of Community and Economic Development (DCED) Acting Secretary Neil Weaver today highlighted the Wolf administration’s continued commitment to Pennsylvania’s manufacturing industry during a visit to the Almac Group US headquarters, expanding into Montgomery County with financial support from DCED.

“The fact that a world-renowned company like Almac has chosen to expand into the Commonwealth is proof of Pennsylvania’s business-friendly climate and all that we have to offer business,” Sec said. Weaver. “This project creates and sustains well-paying jobs for the region, and we are proud to have played a part in bringing about this expansion.

Almac Group, a global contract pharmaceutical development and manufacturing organization, will add 100,000 square feet to its existing 246,000 square foot facility at 25 Fretz Road in Souderton. The project also includes upgrades to the company’s other Montgomery County sites in Audubon and Lansdale to meet growing and next-generation customer demand. Almac Group has operated in Pennsylvania for over 20 years and officially opened a North American headquarters in Souderton in 2011.

“We are excited to mark this next step in our future in Montgomery County,” said Alan Armstrong, CEO of Almac Group. “We look forward to welcoming over 350 new employees, who will be a vital part of our continued success over the next three years. Almac Group’s mission is to advance human health and we are committed to reinvesting all of our profits back into the business to ensure we are market leaders for our customers and patients and provide the best possible working environment. to our employees.

The company received a DCED funding proposal for a $1.78 million Pennsylvania First grant, a $250,000 workforce development grant to train its new workers, and was also encouraged to claim the Manufacturing Tax Credit (MTC) and the Research and Development (R&D) Tax Credit. ) programs. Almac Group has pledged to create at least 355 new jobs, retain 1,434 existing jobs, and invest approximately $93.5 million in the project over the next three years.

This project is the second of the Almac Group’s expansion plans under Governor Wolf and was first announced in June. The company’s initial expansion was announced in November 2016. Both projects were coordinated by the Governor’s Action Team (GAT), an experienced group of economic development professionals who report directly to the Governor and work with businesses planning to locate or expand in Pennsylvania.

Through GAT, Governor Wolf has invested more than $17.6 billion over the past seven years to support 420 completed projects, create 47,180 new jobs and retain 143,551 jobs for Pennsylvanians.

“Almac’s growth in Montgomery County builds on our strength as the county in Pennsylvania with the highest concentration of biomedical jobs in the state,” said David Zellers, director of commerce for the Montgomery County. “There are incredible opportunities for innovation and investment from the biggest global brands in our communities and entrepreneurs who are making the Greater Philadelphia area the global leader for the next generation and beyond in the life sciences, medicine and biology -technology.”

Almac Group is a Northern Ireland-based global company that is at the forefront of developing, manufacturing, testing and delivering lifesaving medicines to vulnerable patients around the world. During this financial year, the group has been a partner of choice in the development of more than 300 life-saving drugs covering more than 20 therapeutic areas including oncology, cardiology, immunology, gene therapy and neurology.

For more information on the Governor’s Action Team or the Department of Community and Economic Development, visit the DCED website and be sure to stay up to date with all the news from our agency on Facebook, Twitterand LinkedIn.

MEDIA CONTACT:
Elizabeth Rementer, Office of the Governor, [email protected], 717.783.1116
Penny Ickes, DCED, [email protected]

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