WILSON’S LOCAL PRINT AND DIGITAL COMMUNITY INSTITUTION SINCE 1896

Biopharma company celebrates expansion

Thank you for being one of our most loyal readers. Please consider supporting community journalism by subscribing.

Posted

Local, state and international officials braved the chilly rain Tuesday to celebrate the placement of the final steel beam at Fresenius Kabi in its more than $100 million expansion.

“This will be by far the most modern and also one of the biggest standard IV (production) sites in the world,” said Dr. Michael Schoenhofen, the president of the company’s pharmaceuticals and devices division.

The German health care company bought the four-year-old Wilson facility in 2016 and announced the expansion in November 2017. In exchange for up to $7.2 million over 12 years from the state, the company has promised to create 445 jobs in five years in addition to the economic investment.

“The site currently manufactures pre-filled syringes of generic injectable drugs used primarily in clinics and hospitals,” said Matt Kuhn, senior director of external communications and government affairs.

Schoenhofen said new state-of-the-art technology in the expansion will allow employees to produce IV fluid bags and other Fresenius Kabi products.

“We wish you good luck here,” said Mayor Bruce Rose. “I know this will be a great plant for our community for years to come.”

ECONOMIC DEVELOPMENT

Wilson Economic Development Council members met Tuesday morning before the Fresenius Kabi reception to discuss efforts to recruit other biopharma companies to Wilson. Director Jennifer Lantz said representatives of Wilson, Nash, Edgecombe, Johnston and Pitt counties joined together to form the biopharma crescent and have plans to meet with New Jersey companies in June.

“We’re all good partners with one another and everyone is on the same page about marketing the region,” Lantz said.

The next meeting for the council is the annual retreat in May where members plan to discuss the strategic plan for 2025. Lantz said she hopes input from the members will help them finalize the plan by July.

EXTRA! EXTRA!

A FedEx Express package sorting facility on Caswell Place in Wilson has a new owner. FedEx has occupied the 38,485-square-foot facility for more than 20 years and recently completed multiple renovations. A private family trust from California purchased the property for $3.1 million through the Stan Johnson Co.

“The appetite for FedEx leased and guaranteed assets in today’s private market continues to hold steady, with investors seeking the security of long-term leased real assets backed by investment grade credit tenants,” said Mollie Alteri, associate director in Stan Johnson’s Atlanta office.

Got an idea for news to include in next week’s Main Street Minute? Don’t hesitate to reach out to me at 252-265-7821 or bhandgraaf@wilsontimes.com.

Comments