BestCo LLC, an existing manufacturer in Mooresville, plans to expand its manufacturing and distribution facilities in Mooresville Business Park East. The company will occupy an existing 215,000 square foot manufacturing building at 208 Manufacturers Blvd and will build an additional 230,000 square foot distribution facility on the adjacent lot. The project investment is expected to be $177 million which will expand BestCo’s total facilities footprint in Iredell County to over 1 million square feet and employment to 1,000 employees.
BestCo is one of the world’s leading manufacturers of over-the-counter drugs and supplements across a wide range of enjoyable dosage forms including Lozenges, Soft Chews, pan-coated SuperChew® and the industry’s first drug-compliant chewable gel gummy, known as the SuperGel™. The company produces supplements and nutraceuticals that have a high efficacy rate and are appropriate for a wide range of consumer healthcare categories. BestCo’s customers include private label retailers in the food, drugstore, and mass merchant channels as well as branded global consumer product companies of highly recognized name brand consumer products. BestCo’s project in Mooresville will add both production and packaging capacity to its current operations with a focus on its gummy line of products.
BestCo President and Chief Operating Officer Tim Condron said, “The ongoing support and partnership of the Mooresville community and county officials has enabled BestCo to focus on innovation and rapid growth in recent years with the addition of two new Mooresville facilities over last 24 months. We look forward to expanding our BestCo team in Mooresville and continuing to invest in Iredell County.”
The BestCo project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee on Feb. 17, 2022. The potential reimbursement to the company of up to $2,000,250 spread over 12 years.
“We are at a time of innovation among our industries, they are investing in themselves and in our community,” Town of Mooresville Mayor Miles Atkins said. “BestCo has been an outstanding corporate citizen in Mooresville for many years and we are honored they have chosen to continue to invest locally and employ our residents.”
“We are excited that BestCo, a longtime leading corporate citizen in Iredell County who knows the business lay of the land in the region and nationally, has validated that Iredell County is a top choice for new and existing business expansion,” James Mallory, chairman of the Iredell County Board of Commissioners, said.
“This announcement represents true collaboration and partnership at the local and state level to ensure the expansion of BestCo in Iredell County,” Mark Brady, president at South-Iredell Community Development Corporation, said. “We appreciate the collaboration with the Town of Mooresville, Iredell County, and the Iredell EDC for the development of the business park to support this expansion.”
Partners involved in the project include the North Carolina General Assembly, North Carolina Department of Commerce, Economic Development Partnership of North Carolina, North Carolina Community College System, Mitchell Community College, Iredell County, Town of Mooresville, Iredell County Economic Development Corporation and South-Iredell Community Development Corporation.
