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Hollister-Stier expands yet again

April 22, 2008 /

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With the paint barely dry on a recent $42 million expansion of its facility here, Hollister-Stier Laboratories LLC http://www.hollisterstier.com/ has started work on another multimillion-dollar project that’s expected to boost its production capability further and heat up its already-scorching growth pace.

The $20 million project will add sorely-needed capacity for the contract drug manufacturer, which continues to make strong gains in an industry characterized by technological change, intense competition, and, for some companies in recent years, double–digit percentage drops in revenue, says President and CEO Anthony Bonan­zino. Hollister-Stier is hoping that the latest expansion project will help it stay ahead of the curve.

“If you’re not moving forward, you’re falling behind, because everyone is trying to move forward,” Bonan­zino says.

By Emily Proffitt

Full Story: http://www.spokanejournal.com/spokane_id=article&sub=3551

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