Wisconsin's ProFab moving HQ to Florida

By Catherine Kavanaugh
Staff Reporter

Published: October 29, 2013 4:52 pm ET
Updated: October 29, 2013 4:55 pm ET

Related to this story

Topics Medical, Injection Molding, Thermoforming, Aerospace

ProFab Plastics Corp. is in the process of moving its headquarters from Waukesha, Wis., to Ocala, Fla., where the precision machining company is adding manufacturing and office space to one of its two facilities there.

The company that started out in 1996 primarily as a parts supplier for magnetic resonance imaging (MRI) machines diversified into aviation and now is looking to make more parts for the aerospace industry.

To boost that end of the business and attract new customers, ProFab invested $1.7 million in equipment during the last three months and plans to spend another $1 million in the next eight months at the Ocala plants, according to President and CEO Keith Hoffmann.

“I’m basically getting rid of the old and bringing in the new,” Hoffmann said in a telephone interview. “I’m ramping up on everything and we now have two pieces of equipment that are automated. We can run lights out, 24/7.”

The new equipment means new opportunities for the company. Hoffmann said he has seen sales double in the last three years to a projected $9 million for 2013. He expects sales to hit $12 million in 2014 and $15 million in 2015.

“We’re still going to do a lot of medical. We’re not decreasing that,” Hoffmann said. “It’s actually increasing but we’ve gone out and got involved with aerospace and higher tech machines.”

ProFab machines plastic and paints, die cuts and assembles parts. The company will get into thermoforming and injection molding next.

“We’re changing to do new things with the technology out there,” Hoffmann said. “We’ve always been a step ahead of everybody else. Now I want to be 10 steps ahead of everybody.”

ProFab is expanding its 30,000-square foot facility at 4901 NW 5th St. in Ocala by 15,000-square feet for mostly manufacturing space and to serve as the HQ. About 2,000-square feet of the addition will be corporate offices. The company also has a 40,000-square foot facility about 7 miles away.

However, the future is uncertain for ProFab’s original 18,000-square foot facility in Waukesha, which at one point had about 70 employees.

“We’ll still have the Wisconsin branch but it will be minimal,” Hoffmann said. “It will be down to like 5-7 people.”

In June, everyone who works there was offered jobs in Florida, Hoffmann said, but family roots are preventing some from relocating. Four employees made the move to date; three managers and four machinists will follow, he said.

ProFab also hired 12 new employees in recent weeks and will bring on another 25 in the next three months. A third shift will be added in early 2014.

“We hope in the next 12-18 months to add 35 employees on top of that,’ Hoffmann said. “By mid 2015 we’ll have 80 total but things could change and we could get bigger than expected. We’ve been doing this for 17 years now. Our capabilities have expanded and there’s a huge market out there for machined plastics and machined components.”

ProFab is in the midst of putting together the right personnel and equipment, including high-speed CNC machines and five-axis machines, to create one of the most technologically advanced plastic machine shops in the United States, Hoffmann added.

“When we came down to Florida we had 13 to 16 machines,” he said. ‘Within the next 8-10 months we’ll have 43 pieces of equipment down there.”


Comments

Wisconsin's ProFab moving HQ to Florida

By Catherine Kavanaugh
Staff Reporter

Published: October 29, 2013 4:52 pm ET
Updated: October 29, 2013 4:55 pm ET

Post Your Comments


Back to story


More stories

Some medical devices could get faster approval with new FDA rules

April 22, 2014 7:41 pm ET

The U.S. Food and Drug Administration is proposing an expedited approval for medical devices for devices aimed at the diagnosis or treatment of...    More

Image

Two Ohio groups team up to accelerate development of future medical devices

April 22, 2014 9:55 am ET

The Austen BioInnovation Institute in Akron and Cleveland-based design specialists Nottingham Spirk announced a strategic partnership that the two...    More

Image

German electronics firm expanding in Hungary

April 22, 2014 9:46 am ET

German electronics manufacturer Provertha GmbH has announced plans to set up a new plastic galvanizing plant at the Kapuvár Industrial Park, in...    More

Image

Cambro investing $30.4 million in new N.C. injection molding plant

April 18, 2014 2:36 pm ET

Foodservice products manufacturer Cambro Manufacturing Co. Inc. plans to set up a satellite production and distribution operation in Mebane, N.C., to ...    More

Image

'Thermoforming has nearly limitless possibilities'

April 18, 2014 12:54 pm ET

Julie McAlindon of PolyOne Corp. speaks about the future of thermoforming and the integration of Spartech Corp.    More

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