Business

Patheon adding 488 jobs in Greenville

Pharmaceutical services company Patheon plans to add 488 jobs over the next five years in Greenville, where it is expanding its manufacturing plant.

The Durham-based company, which currently employs more than 1,000 workers in Greenville, also plans to invest $159 million in the facility to expand and modernize it and make it more energy-efficient. The expansion plan was announced Friday.

Patheon ultimately could receive more than $6.3 million in incentives under the state’s Job Development Investment Grant if it meets its job commitment.

The annual wages for the jobs Patheon intends to create will be $54,098, according to the office of Gov. Pat McCrory. That’s well above the average wage for Pitt County, which is $34,872, according to the state.

Patheon manufactures drugs for pharmaceutical companies and also provides services such as developing formulations of experimental medicines. It currently has more than 8,000 employees, including 1,680 in North Carolina.

Patheon is a division of privately held DPx Holdings, which is also based in Durham.

DPx Holdings was formed earlier this year when Patheon merged with DSM Pharmaceutical Products in a complex three-way deal valued at $2.6 billion. That deal ended Patheon’s stint as a publicly owned company.

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