Hollister-Stier Laboratories Acquires Land Adjacent To Spokane Facility

Published: Jul 26, 2006

SPOKANE, Wash., July 25 /PRNewswire/ -- Hollister-Stier Laboratories, LLC, a leading manufacturer of high quality sterile injectable products for the global pharmaceutical and biopharmaceutical markets, is pleased to announce the purchase of a new 7 acre land parcel, located directly behind the west end of the facility at 3525 N. Regal in Spokane, Wash. The purchase of the 294,535 square foot lot on the north 3500 block of Lacey Street provides HollisterStier with additional space needed for the $30 million expansion that begins this fall, and room for future infrastructure. A major expansion component includes installation of a new high speed filling line that more than doubles current capacity. The new filling line and clean room complex is going to be constructed on a small portion of the parcel closest to the current facility. The new line can handle 2 mL - 100 mL vials and fill approximately 400 vials per minute.

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"We recognize what our customers' value," stated Anthony Bonanzino, Ph.D., president & CEO. "HollisterStier's commitment to providing our customers with a high quality manufacturing facility in addition to superior service is our first priority. We are pleased with the recent land purchase as it reflects our ongoing investment in the future of our customers, employees, services and our community," he said.

Tracy Lucas of Kiemle & Hagood Company in Spokane, Washington acted as the selling broker for HollisterStier for the land purchase.

About HollisterStier

HollisterStier is a customer centric group of professionals dedicated to the contract manufacture of high quality sterile injectables for the global pharmaceutical and biopharmaceutical market. Our multidisciplinary teams provide custom solutions to customer specific project goals from development through commercialization. Based in Spokane, Washington, the company is committed to meeting customer expectations in all aspects of our business from quality manufacturing to regulatory support. For further information, visit www.hollisterstier.com .

Photo: http://www.newscom.com/cgi-bin/prnh/20060228/SFTU141LOGOAP Archive: http://photoarchive.ap.orgPRN Photo Desk, photodesk@prnewswire.comHollister-Stier Laboratories, LLC

CONTACT: Janelle Jovick of HollisterStier, +1-509-482-0586, orjjovick@hollister-stier.com

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