Five Star adds equipment, space

By Michael Lauzon
Correspondent

Published: January 14, 2013 6:00 am ET

Related to this story

Topics In Print

Custom molder and prototyper Five Star Plastics is expanding to meet new demands.

“We’re seeing increased business and looking at good potential from new clients,” said Five Star President Richard Piltz in a telephone interview.

“We’ll probably get new business from three or four different items,” Piltz said, but he declined to provide specifics.

Five Star will invest more than $2 million to add 25,000 square feet to its plant in Eau Claire, Wis., and install more machinery, including a 1,000-ton injection press needed for new molding work. The privately held company also will build clean room capability.

Five Star now has more than 20 injection presses molding for a range of industries, Piltz said in a late-December interview.

Five Star expects to assign a contractor for the building addition soon and the firm plans construction to start in April. The expansion and new machinery installation should be done by August, in time to take on some of the new work.

Piltz led a buyout of Five Star from bankruptcy in 2002. Other owners of the business include his son and an outside investor. Piltz is majority owner.

Five Star employs about 90, some of whom have been working for the company for more than 20 years under previous ownership. Piltz declined to provide sales figures.

Piltz said the firm has a vigorous prototyping department and its own toolroom. It supplies components to customers throughout the United States.

The building addition includes manufacturing and office space. Last year Five Star added 13,000 square feet and began hiring more than 20 new employees.

Five Star received approval in early December for the expansion from the Eau Claire Plan Commission. The company also runs a rapid prototyping business in Manitowoc, Wis.

“Rapid prototyping capability is probably one of the reasons we have grown,” Piltz said.


Comments

Five Star adds equipment, space

By Michael Lauzon
Correspondent

Published: January 14, 2013 6:00 am ET

Post Your Comments


Back to story

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events