SeraCare Life Sciences Expands Milford Facility, Plans to Move Headquarters

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Researched by Industrial Info Resources (Sugar Land, Texas)-- SeraCare Life Sciences Incorporated (OTC:SRLS) is building a 60,000-square-foot expansion on Birch Street in Milford, Massachusetts, where the company has an office. The project will add about 23,000 square feet of space to the facility.

SeraCare will also move its headquarters, which is in West Bridgewater, Massachusetts, to Milford. After the renovations, the company will have approximately 130 employees in Milford. The expansion is intended to increase the company's manufacturing capabilities for products in the biopharmaceutical and in vitro-diagnostics companies. The Milford site will include manufacturing, testing labs, a sterile fill suite, a water system and a protein-purification feature. The Milford campus will also house sales and marketing, warehousing, distribution and product development. The company has agreed to a 10-year lease and will occupy some parts of three buildings in a facility that has four buildings. The facility operates under the Food and Drug Administration's Good Manufacturing Practices, meeting the industry's highest standards in quality.

SeraCare also has operations in Maryland in Gaithersburg and Frederick. Earlier this year, the company overcame its Chapter 11 bankruptcy case. The strategy for the solution became effective in early May. The plans allowed the company to pay off its creditors with interest and fully exit bankruptcy. The new management allowed SeraCare to successfully undergo this procedure, which is headed by Susan Vogt. The company entered a three-year lease with Merrill Lynch Capital to provide financial flexibility.

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