Kindeva Drug Delivery Expands Woodbury, Minnesota Operations
10/14/2020
The new operations center will include a distribution warehouse, and a light-industrial facility. Kindeva, which expects to break ground on the project sometime this year, plans to receive Department of Employment and Economic Development funding to offset the cost of the project.
In May Kindeva Drug Delivery, formerly 3M Drug Delivery Systems, launched as an independent company following the acquisition by Altaris Capital Partners in a transaction valued at $650 million. As part of the transaction, 3M retains a 17% minority interest in Kindeva alongside Altaris.
Earlier this year Aaron Mann, CEO of Kindeva Drug Delivery explained “Kindeva brings deep expertise to the unique challenges of developing combination products and complex drugs, including those that are playing an important role in the fight against COVID-19. Over the years, 3M has built a differentiated platform of drug delivery technologies and I look forward to the opportunities ahead for Kindeva as an independent company in partnership with Altaris. We will be executing an ambitious growth plan that involves significant capital investment and the addition of new jobs across our operating regions. This is an exciting time for Kindeva and our talented colleagues."
"We are excited to be partnering with 3M and the Kindeva team in this transaction," said George Aitken-Davies, Managing Director of Altaris said in May. "We believe Kindeva is well positioned to build on its successful track record as a leading provider of drug delivery technologies."
Kindeva is a global organization with cGMP manufacturing operations in Loughborough, UK; Clitheroe, UK; Northridge, CA; and St. Paul, MN; and state-of-the-art R&D laboratories in Loughborough and St. Paul. Products manufactured by Kindeva are distributed to over 60 countries worldwide.
Project Announcements
Ralliant Corporation Plans Raleigh, North Carolina, Global Headquarters
03/16/2025
CG Model Tek Expands Coffee County, Tennessee, Manufacturing Operations
03/16/2025
TST Fabrication and Machine Expands Norfolk, Virginia, Headquarters-Operations
03/16/2025
NewCold Expands, Lebanon, Indiana, Operations
03/16/2025
Schneider Electric Expands El Paso, Texas, Operations
03/16/2025
AboveAir Technologies Expands Frederick County, Maryland, Operations
03/13/2025
Most Read
-
The Workforce Factor: How States Are Competing to Build Tomorrow's Talent
Q4 2024
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Designing Beyond the Assembly Line
Q1 2025
-
Industries Look for Employees in Nontraditional Spaces Amid Labor Shortage
Q4 2024
-
Forging Solid Foundations
Q1 2025
-
Why Decarbonization Goals Start with Site Selection
Q4 2024