Construction News

05/08/2015

Generic Drugs Firm Acquires Facility In Co Tipperary

A US based generic drugs manufacturer has acquired the former Johnson & Johnson plant in County Tipperary.

Amneal Pharmaceuticals purchased the 200,000 square foot facility in Cashel from the owner Solidus Private Equity, a Singapore-based investment firm.

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Amneal worked closely with Foreign Direct Investment agency IDA Ireland.

The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.

The Cashel site will be dedicated to R&D and production of metered dose and dry powder inhalers (MDIs and DPIs) as well as biosimilars – all high-end specialty medications - with each product occupying approximately 50% of the building.

Amneal expects to hire an estimated 250-300 employees at full build-out.

(CD)

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