Foster Corp. has broken ground on a state-of-the-art 55,780-square-foot manufacturing building next to its headquarters in Putnam, Conn. The expansion comes only a few years after Foster opened a new pharmaceutical building for its Delivery Science business.
“Foster’s recent growth has necessitated the new building as both our compounding and distribution businesses have grown to the point that space would become a limiting factor for Foster if we didn’t make this move,” Foster CEO and owner Larry Acquarulo said in a news release. “The new building will not only allow our growth to continue, but it will also allow us to grow in new markets where we haven’t been able to compete in the past, including larger volume medical applications.
“The new facility will house both compounding manufacturing assets and as well as hold inventory for our growing distribution business,” Acquarulo added. “Our plan is to invest heavily to expand our capabilities, and our market footprint in the next five to six years.”