By: Jessica Holbrook
December 3, 2012
MASON, OHIO (Dec. 3, 5:30 p.m. ET) — Film manufacturer Clopay Plastic Products Co. has completed a 62,000 square-foot, $12.3 million expansion at its Augusta, Ky., facility.
The expansion will allow the company to retain 290 full-time jobs at the now approximately 337,000 square-foot plant.
According to local reports, the expansion has been in the works for more than a year.
Company officials were not immediately available for comment.
Clopay, based in Mason, Ohio, manufactures specialty films and laminates for personal care, health care and industrial uses.
The company has approximately 1,500 employees and manufacturing facilities in Augusta, Nashville, Germany, Brazil, China and Turkey. It had sales of $563 million in 2012, according to SEC filings. It is No. 13 in the most recent Plastics News ranking of North American film and sheet manufacturers.
Clopay is a wholly-owned subsidiary of New York-based Griffon Corp.
The Kentucky Economic Development Finance Authority approved a $500,000 Economic Development Bond grant to the city of Augusta for the benefit of Clopay. Bracken County, Ky., officials also approved a $200,000 grant and city officials approved a $190,000 grant.