Ireland-based Almac Group, a CMO with U.S. headquarters in Souderton, Pennsylvania, announced it will invest $24.4 million to expand its Montgomery County, Pa., site and add 312 full-time jobs over the next three years. The company plans to expand its existing 240,000-square-foot Souderton facility and lease an additional 26,000 square feet in office space in nearby Lansdale.
The new jobs will be in the sciences, clinical services and clinical technologies and pharmaceutical services, the company said. They also plan to retain 1,110 current employees currently working there.
The Pennsylvania Department of Community and Economic Development offered funding that included a $1.56 million "first program" grant for new machine lines, computer equipment, software and an expanded cold storage area.
"Due to significant industry demand for our services, it is essential we build capacity and increase head count to ensure we continue to complete at a global level," said Almac CEO Alan Armstrong. "This year, we are celebrating our 20th year in the U.S., and having experienced tremendous success we are excited to make a further commitment in the Montgomery County area."