Multi-Billion Dollar Firm Buys Former Quad Graphics Facility

SARATOGA SPRINGS — Regeneron Pharmaceuticals, a biotechnology firm based in Tarrytown, New York, has purchased the former Quad Graphics printing facility in Saratoga Springs for an undisclosed sum.

“This acquisition underscores our commitment to growing together with the local community by investing in local economies and creating high-quality jobs in the area and across New York State,” Regneron said in a company statement. “The immediate use for the new facility will be for production support activities.”

Quad Graphics closed in May, causing hundreds of workers to lose their jobs. Some of those jobs were recouped thanks to Soleno, a sustainable pipe manufacturing company that opened its first U.S. factory last week next to the former Quad facility in the WJ Grande Industrial Park.

Regeneron did not immediately provide an estimate of the number of jobs its new facility would create.

“[The Saratoga Economic Development Corporation] welcomes Regeneron,” said SEDC President Greg Connors. “Saratoga County’s newest international company has made their next capital investment in the community we all call home.”

According to its corporate fact sheet, Regeneron has more than 13,000 employees worldwide. The company has offices scattered across the globe, including its headquarters in Tarrytown and an industrial operations and product supply facility in Rensselaer.

Regeneron, called “one of the region’s largest employers” by the SEDC, had a reported revenue of more than $13 billion last year. In 2020, the company signed a $450 million contract with the U.S. government to manufacture and supply REGN-COV2, a double-antibody cocktail designed to combat the coronavirus. The cocktail was administered to then-President Donald Trump when he was infected with COVID-19 in October 2020.

The firm received a number of accolades this year, including Time Magazine’s “World’s Most Sustainable Companies,” and U.S. News and World Report’s “Best Companies to Work For.”