On Apr. 25, 2007, Jubilant Organosys, Ltd.  announced it had acquired Spokane-based Hollister-Stier for $122.5 million.  The plant encompassed 150,000 square feet of production space on a 20-acre campus.

Hollister-Stier Laboratories was founded by chemist Guy Hollister and Robert E. Stier, M.D. in 1921, and began partially as the result of Mrs. Hollister’s “summer cold,” which Hollister and Stier discovered was caused by grasses in the Spokane area. The two friends develope d a vaccine to help Mrs. Hollister, and the company became the leader in allergen extracts.