Almac Group Expands Montgomery County, Pennsylvania, Facilities
According to state officials, while a majority of Almac Group’s growth can be accommodated within its current 240,000-square-foot headquarters facility, the company will lease an additional 26,000-square-feet of office space in Lansdale.
Almac Group plans to invest more than $24.4 million in the expansion project, including substantial investments in new machine lines, computer equipment, software, and an expanded cold storage area. Additionally, the company has committed to the creation of 312 new, full-time jobs over the next three years, and to the retention of 1,110 existing employees.
“Due to significant industry demand for our services, it is essential we build capacity and increase headcount to ensure we continue to compete at a global level. This year we are celebrating our 20th year in the US, and having experienced tremendous success we are excited to make a further commitment within the Montgomery County area,” said Almac Group CEO Alan Armstrong.
“In 2007, Almac Group invested $100 million, retained 495 jobs, and created another 264 jobs, when it successfully established its U.S. headquarters in Pennsylvania,” said Governor Wolf. “Since then, we’ve seen Almac Group’s significant contributions to the economic vitality of the region as a major player in southeastern Pennsylvania’s strong bio-pharma industry, and we look forward to its continued success as it once again chooses Pennsylvania for its operations expansion.”
“This investment signifies our confidence in the pool of talent and skills right on our doorstep. We truly appreciate the guidance and support provided by both the Governor’s Action Team and the Pennsylvania Department of Community and Economic Development throughout this entire process and look forward to a very exciting future together,” he said.
As an incentive, Almac Group received a funding proposal from the Department of Community and Economic Development comprised of a $1.56 million Pennsylvania First Program grant. The project was coordinated by the Governor’s Action Team in collaboration with DCED’s Office of International Business Development.
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