Capital Recovery Group, Federal Equipment Company, Heritage Global Partners, and PPL Group LLC have jointly finalized the complete purchase of a flexible pharmaceutical manufacturing and packaging facility from a generics manufacturer in Huntsville, Alabama.
A strategic redevelopment is planned for the 110-acre campus. The facility will accommodate a wide variety of uses ranging from the existing pharmaceutical, to alternate manufacturing, to high cube distribution warehouse. The site includes three independent modern buildings totaling approximately 800,000 square feet, which includes about 275,000 square feet of distribution warehouse space with offices, about 330,000 square feet of oral solid dose facility space with two serialized packaging lines, and about 195,000 square feet of non-sterile liquids manufacturing facility space with four filling lines.
The site also has two pads for potential future expansion. Each of the three buildings and equipment are available as standalone operations or together.
"We are excited to share these opportunities, including bringing to market late model tablet manufacturing and serialized packaging equipment, as well as offering top-quality liquids manufacturing and filling lines as a turnkey operation." said Adam Covitt, vice president of Federal Equipment Company.
Federal Equipment has announced the first scheduled auction the acquired equipment in this purchase. Sale #1 in a series of sales featuring state-of-the-art laboratory, processing, and packaging equipment from the campus will take place from February 11-14, 2019.