DECATUR, Ill. (WAND) – A New Jersey pharmaceutical company is paying $1.2 million to purchase an idle Akorn Pharmaceuticals plant at 1222 W. Grand Avenue in Decatur. The plant was closed when Akorn filed for Chapter 7 bankruptcy in February.
The purchase of the plant is disclosed in a Quitclaim Deed filed with the Macon County Recorder of Deeds office. The office tells WAND News paperwork has not been filed for a second Akorn plant at 150 S. Wyckles Road in Decatur. The Grand Avenue plant was purchased by New Jersey based Rising Pharmaceuticals which is a maker of prescription and over-the-counter drugs.
Akorn shocked employees and community leaders when it announced it was ceasing operations on February 22, 2023. In recent years the company had completed expansions at both Decatur locations.
Economic Development and city leaders declined comment on the purchase apparently waiting for the company to make an official announcement. Akorn previously employed an estimated 400 people at the time it closed its doors.
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