JLM Pharmatech in Seymour, IN has new equipment, an expanded facility and soon will have a new name, but the good news doesn’t stop there.
Continued growth is expected throughout the rest of this year and beyond, company officials said Tuesday, and as of next week, the Seymour plant will be known as PD Pharmatech.
In 2011, Particle Dynamics Holdings of St. Louis quietly purchased JLM Pharmatech, a small locally owned pharmaceutical packaging and supply company. PD Holdings was founded in 2010 to develop and globally market special-ingredient product lines for the pharmaceutical industry and other markets.
Since buying JLM, the new owners have invested nearly $10 million in state-of-the-art equipment at the East Side Industrial Park plant, including a 10-story-tall spray dryer. The specialty equipment is used to produce a dry powder ingredient from liquid by rapidly drying it with hot gas.
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Source: Indiana Economic Digest, 9/4/14