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Area Development - Site Selection, Facility Planning and Workforce Development

Formulated Solutions Plans Cleveland, Tennessee, Pharmaceutical Production Facility

03/08/2023
Formulated Solutions, a contract development and manufacturing organization, will establish operations in Cleveland, Tennessee. The $43.6 million project is expected to create 524 jobs in Bradley County.

The company recently acquired the 455,000-square-foot former Beiersdorf facility which will serve as its second commercial production site and first production location outside of Florida. The facility will allow Formulated Solutions to broaden its pharmaceutical production, according to state officials.

“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. When scouting for a location to invest and expand our pharmaceutical production facilities, Cleveland, Tennessee, 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,” Victor Swint, president and CEO, Formulated Solutions Cleveland noted.

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.

“With top healthcare and pharmaceutical businesses in each of our grand divisions, Tennessee is primed to welcome Formulated Solutions to Cleveland. We appreciate this company’s significant investment in our state and look forward to seeing the prosperity that follows this project in Southeast Tennessee,” noted TNECD Commissioner Stuart McWhorter.

“TVA and Cleveland Utilities congratulate Formulated Solutions, LLC on its decision to establish operations in Cleveland and create hundreds of new job opportunities. Helping to attract jobs and investment to the region is fundamental to TVA’s mission of service. We are proud to partner with the City of Cleveland, Bradley County, the Cleveland-Bradley County Chamber of Commerce and the Tennessee Department of Economic and Community Development to further that mission and celebrate this announcement together,” added John Bradley, TVA senior vice president of Economic Development.

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