RXQ Compounding buys property in Albany for expansion
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By Steve Robb, Messenger staff journalist
An Athens business has purchased property for a major expansion that the company expects will add dozens of jobs.
RXQ Compounding, currently located in the Ohio University Innovation Center, has bought a building and adjacent land in Albany from the Sheltering Arms Hospital Foundation Inc.
Courthouse records list the purchase price as $791,296.
The building, located on Blizzard Lane, was originally constructed as a physician’s office for OhioHealth and was later leased to Holzer Health System. Also, OhioHealth had some administrative and billing personnel there until they were moved to Athens.
RXQ founder and President Edward Zatta said the building comes with about 9.5 acres. The plan is to build a 35,000-square-foot manufacturing facility on property attached to the existing building. The company makes sterile drugs for hospitals and physicians.
Zatta said RXQ expects to break ground on the facility this week.
He said the company’s offices will be moved into the existing building soon.
Zatta said RXQ has 34 employees, and that number is expected to increase to around 100 over a three-year period with the expansion.
He estimated the cost of the expansion at about $3 million.
Zatta said he plans to approach the county about a tax abatement, but did not give specifics.
JobsOhio has been approached about helping with the funding of the project, although that organization has not made a public announcement regarding its participation in the RXQ project.
