Pharmaceutical company Topiderm is expanding its footprint on Long Island.
The company, which specializes in over-the-counter skincare products and cosmetics is adding both manufacturing and warehousing space At Rechler Equity Partners 5 Hub Drive in Melville.
The expansion will create 38 new jobs at the company, which has been in business on Long Island since 1981, and through consistent expansion, has added hundreds of jobs to its headquarters in North Amityville and facilities in Babylon.
The Suffolk County Industrial Development Agency (IDA) has preliminarily approved a transaction to assist Topiderm Inc. complete its $3.6 million expansion plans.
Topiderm plans to lease, renovate and equip the 46,665 s/f facility at 5 Hub Drive for use as warehousing which would free up additional manufacturing space at the company’s other facilities.
“The proposed lease by Topiderm Inc. is crucial to helping a rapidly growing company expand their entire Suffolk County operation,” said Tony Catapano, Executive Director of the Suffolk County IDA.
“The IDA is pleased to partner with this pharmaceutical manufacturer and improve their ability to operate on a global scale right here in Suffolk County.”
“A new facility is required to keep pace with the growing demand for products and services,” said Eric Stern, President of Topiderm Inc.
“The assistance package from the Suffolk IDA is essential to helping us realize our larger expansion plan, which will in turn allow us to meet the demand for products and services while simultaneously expanding our existing workforce.”
The Suffolk IDA’s assistance will enable Topiderm Inc. to renovate and equip the newly leased Melville property for a total cost of $1.3 million.
“It speaks volumes to our pro-business environment and overall quality of life that a company like Topiderm Inc. continues to choose to Suffolk County to operate and expand its business,” said Kelly Morris, Deputy Executive Director of the Suffolk County IDA.
“Topiderm’s growth is emblematic of the broader regional growth in Suffolk County’s overall pharmaceutical industry.”
Long Island’s pharma industry has been enjoying a resurgence in recent years. According to the IDA, more than 150 companies make up the pharmaceutical and nutraceutical industry on Long Island, employing more than 9,800 employees. The companies produce and market as many as 4,500 products every year.