PEACHTREE CITY, GA—A German drug packaging and medical device maker says it will expand in suburban Atlanta, investing $88 million and hiring more than 200 new employees.

Gerresheimer AG, based in Dusseldorf, will build a new factory in Peachtree City, south of Atlanta. The company currently employs more than 260 people there, and it plans to add 180 jobs by April.

Spanning some 160,000 square feet, the new factory is scheduled to open in fall 2024. It will focus on making autoinjectors, spring-loaded syringes that are used to inject drugs.

The new jobs will pay an average salary of $56,000 a year.