mckesson-logoAfter months of secrecy, the name of the Fortune 100 company that’s building a huge distribution center in north-central Iowa is finally being unveiled.

The announcement was made earlier today during a news conference by Clear Lake Mayor Nelson Crabb. “One of the top companies in the United States has taken notice and is poised to put down roots right here,” Mayor Crabb says.

Pharmaceutical giant McKesson Corporation will locate in Clear Lake. The $65 million project includes hiring 164 workers to run the giant warehouse of 340,000 square feet. Scott Flory, Clear Lake’s city administrator, says the California-based company will be making a solid investment in Iowa. “McKesson is headquartered in San Francisco and has about 85,000 employees,” Flory says. “It’s one of the oldest companies in the United States, founded in 1883. As of 2014, it ranks as #15 on the Fortune 500 list.”

He says McKesson is one of the world’s largest pharmaceutical companies. “McKesson is a leader in pharmaceutical distribution in the United States and Canada,” Flory says. “One third of all pharmaceuticals used in North America are delivered by McKesson Corporation.” He says state leaders were also a big part of the process.

“The city does want to express its appreciation for the support that we have received from the State of Iowa for the project up to this point,” Flory says. “We’re hopeful that the state will consider the application by McKesson for our project favorably at tomorrow’s board meeting.” He’s referring to the Iowa Economic Development Authority which meets at 10 A.M. Friday in Des Moines. McKesson Corporation is on the agenda for a financial assistance award.

According to the McKesson website, the company has more than $137.6 billion in annual revenue, specializing in vital medicines, medical supplies and health care information technology solutions.

(Reporting by Jesse Stewart, KGLO, Mason City)