GERMANTOWN, WIS. (Jan. 25, 12:45 p.m. ET) — Strong demand is leading mold maker Plasticraft Molds Inc. to move to a larger location in Richfield, Wis.
Plasticraft Molds currently occupies a 5,000-square-foot space in Germantown, Wis., but president and owner Eric Marlow said that the firm “is boxed in and needs more room.”
As a result, Plasticraft Molds will break ground on a 12,000 square foot plant in Richfield, which is about five miles away. Marlow said by phone Jan. 25 that construction will begin by the end of the year and could start as soon as this summer. He estimated the cost of the project will cost about $1 million.
Plasticraft Molds should be operating out of the new building by early 2013. The move will allow the firm to add 4-5 new jobs to its current total of nine, and also will allow Plasticraft Molds to install new equipment, including a high-speed machining center.
Plasticraft Molds supplies molds for various markets including medical and electronic housings. Marlow declined to provide a sales total, but said the firm’s sales were up 25-30 percent in 2011.
Marlow founded Plasticraft Molds in Germantown in 1991 before selling it to a buyer - who he declined to identify - in 2003. He then re-started the business under the same name and in the same location in 2006.
Plasticraft Molds has no connection to Plasticraft Corp., a rotational molder and blow molder based in Darien, Wis.