Foster Corporation, provider of polymer material solutions for the medical market, has seen its business flourish in the last few years. As a result, the company has broken ground on a new 55,780-square-foot manufacturing facility adjacent to its headquarters in Putnam, Connecticut.
Larry Acquarulo, CEO and owner, said, “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. 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 inventory for the company's growing distribution business. Leadership intends to invest heavily to expand capabilities and their market footprint in the five to six years.
Foster specializes in hot melt extrusion of polymers for highly-regulated applications. The company’s service offerings include formulation development, feasibility, process development, validation, GMP manufacturing for clinical/commercial supplies and cGMP analytical characterization.
Source: Foster Corporation