Pharmaceutical company taking over Roche facility

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Article/Photo Credit: Joe Perry, Morning News

“FLORENCE, S.C. – A little over a year ago, Roche Carolina Inc. announced a restructuring as the Switzerland-based pharmaceutical concern sought a buyer for its Florence facility.

Sold.

Pharmaceutical developer and manufacturer Patheon announced Monday it has signed an agreement to take over the 300,000-square-foot facility situated on 1,100 acres along Old Marion Highway.

 “Under the terms of the purchase agreement, Patheon will acquire the site for an immaterial sum, plus the cost of associated inventory and spare parts,” a press release on Patheon’s website stated . “Patheon has also entered into a multi-year supply arrangement with Roche. Patheon expects the supply agreement to help defray the costs associated with running the site for the next few years while it adds new client work into the facility. Over time, Patheon expects the Florence facility to have a similar financial profile to its other sites in its drug substance segment,”

Pete Mazzaroni, Roche Carolina’s director of communications, said the deal is expected to be closed “in 30 or so days, plus or minus.” The target date of completion is toward the end of January. The current workforce is approximately 200 people, he said. That number has trended down since a Nov. 12, 2015, announcement from Roche of an impending restructuring that put 270 jobs in limbo. This summer, company officials said the Florence facility would close by 2019 as it sought to divest of that property and three similar sites in Europe. When officials said that in late June, there were 220 people working at the plant.

Mazzaroni said the mood among the workforce is “very positive.”

“The fact is that the goal was to find a reputable buyer to keep the site running and keep as many jobs as possible,” he said. “We look forward to integrating the two companies. Clearly this is good news for the community in keeping the site operational with as many jobs as possible. We were going to ramp down to closure. Obviously those plans have changed as we’ve achieved our primary objective.”

With U.S. headquarters in North Carolina’s Research Triangle Park and European headquarters in Zug, Switzerland, Patheon touts $1.8 billion in revenue for 2015 and employs 8,000 people in 26 locations around the globe.

“As the only end-to-end provider of pharma development and manufacturing services, Patheon is uniquely positioned to integrate this new site into our global network and quickly leverage the capabilities with existing and new clients,” James Mullen, Patheon’s CEO, said in the news release. “The company will benefit from the additional North American API (active pharmaceutical ingredients) capacity and adds a state-of-the-art facility with approximately 200 scientific and manufacturing professionals.”

S.C. Sen. Hugh K. Leatherman Sr., R-Florence said Monday he is “absolutely elated” at the news, calling Patheon “a terrific company,” and speculated that there will be “some capital expenditures out there.”

“And from what I understand, they pay good wages and they’re a good company to work for,” he said. “It’s the best thing that could happen to us.”

Florence County Councilman James Schofield said he feels good about Patheon taking over the Florence facility.”

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