Cook Group sells former GE facility property to Simtra BioPharma Solutions
Bloomington, Ind. — Cook Group has signed a purchase agreement to sell the former GE manufacturing facility on Curry Pike to Simtra Biopharma Solutions (Simtra). This transaction sets the stage for productive future use of the property and continued economic momentum in the Bloomington community.
There are two parcels of land that make up the entirety of the GE facility property. Cook will be retaining the western parcel, which includes the supplementary parking lot for Cook employees, as well as the large retention pond, green space, future development areas, and walking paths. The other parcel will be sold to Simtra. No jobs will be impacted as part of this transaction, and the deal successfully closed on July 24.
Simtra has a long history of manufacturing sterile injectable products at its Bloomington facility, which is located near its newly purchased property on Curry Pike.
“This purchase is a key part of our global growth strategy to expand capacity for advanced injectable medicines and meet the growing demand in the United States,” says Raymond Guidotti, Chief Operating Officer, Simtra BioPharma Solutions. “It positions us to bring critical manufacturing capabilities closer to our customers, support innovation in areas like oncology, and strengthen our ability to bring vital injectable products to our customers’ patients worldwide.”
Cook originally purchased the property and the former GE facility in 2017 with the intent of using it for both professional and manufacturing space. However, the COVID pandemic drastically changed Cook’s needs for physical space. During the pandemic, the company reconfigured the current buildings to allow for growth in its manufacturing space. As a result, Cook hasn’t had a critical need for this space for several years. As Cook sells the space, the funds will be reinvested into the business, allowing the company to focus on optimized manufacturing and certain product portfolios.
“This in no way signals a change to our presence or commitment to the community,” said Pete Yonkman, president of Cook Group and Cook Medical. “This transfer will be good for the community, the local economy and the life sciences industry here in Bloomington. We are happy to see it go to a company that is also focused on innovation in healthcare.”
About Cook Group
Cook Group is a family-owned company with headquarters in Bloomington, Indiana. Our diverse business portfolio includes companies working in life sciences, business services, resorts, property management, and medical devices.
Founded in 1963, Cook Group companies today employ more than 12,000 people around the world. We are committed to improving lives by giving back to our communities, supporting our employees and their families, and serving our customers and their patients. Learn more at www.CookGroup.com.