Special to Iredell Free News
BestCo LLC is planning to expand its manufacturing and distribution facilities in Mooresville Business Park East by more than 400,000 square feet.
The company will occupy an existing 215,000-square-foot manufacturing building at 208 Manufacturers Boulevard and will build an additional 230,000-square-foot distribution facility on the adjacent lot.
The project investment is expected to be $177 million, which will expand BestCo’s total facilities footprint in Iredell County to over 1 million square feet and increase its workforce to 1,000 employees.
BestCo is one of the world’s leading manufacturers of over-the-counter drugs and supplements across a wide range of dosage forms, including Lozenges, Soft Chews, pan-coated SuperChew and the industry’s first drug-compliant chewable gel gummy, known as the SuperGel. The company produces supplements and nutraceuticals that have a high efficacy rate and are appropriate for a wide range of consumer healthcare categories. BestCo’s customers include private label retailers in the food, drugstore, and mass merchant channels as well as branded global consumer product companies of highly recognized name brand consumer products.
BestCo’s project in Mooresville will add both production and packaging capacity to its current operations with a focus on its gummy line of products.
“The ongoing support and partnership of the Mooresville community and county officials has enabled BestCo to focus on innovation and rapid growth in recent years with the addition of two new Mooresville facilities over last 24 months,” BestCo President and Chief Operating Officer Tim Condron said. “We look forward to expanding our BestCo team in Mooresville and continuing to invest in Iredell County.”
The BestCo project will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the N.C. Economic Investment Committee on February 17. The potential reimbursement to the company is up to $2,000,250 spread over 12 years.
“We are at a time of innovation among our industries. They are investing in themselves and in our community,” said Mooreseville Mayor Miles Atkins. “BestCo has been an outstanding corporate citizen in Mooresville for many years and we are honored they have chosen to continue to invest locally and employ our residents.”
“We are excited that BestCo, a longtime leading corporate citizen in Iredell County who knows the business lay of the land in the region and nationally, has validated that Iredell County is a top choice for new and existing business expansion,” added James Mallory, chairman of the Iredell County Board of Commissioners.
Partners involved in the project include the N.C. General Assembly, N.C. Department of Commerce, Economic Development Partnership of North Carolina, N.C. Community College System, Mitchell Community College, Iredell County, Town of Mooresville, Iredell County Economic Development Corporation and South-Iredell Community Development Corporation.
“This announcement represents true collaboration and partnership at the local and state level to ensure the expansion of BestCo in Iredell County,” said Mark Brady, president of the South-Iredell Community Development Corporation. “We appreciate the collaboration with the Town of Mooresville, Iredell County, and the Iredell EDC for the development of the business park to support this expansion.”