NORTH VERSAILLES, PA. - Precise Technology Inc. will close its 56,000-square-foot injection molding facility in Graham, N.C., and move those operations to its St. Petersburg, Fla., operations. The consolidation is to be completed by the fourth quarter of this year. Precise molds primarily lip balm containers at the Graham plant, which was acquired when the company purchased Tredegar Molded Products on March 29. The building is leased.
Plans call for Precise to move at least five of the plant's 10 presses, which have 100-400 tons of clamping force, to Florida. The remaining equipment will go to various plants that need added capacity.
``To the extent possible, Precise Technology is providing Graham employees the opportunity to transfer to other Precise locations,'' said John R. Weeks, president and chief executive officer.
The facility employs 42.
Precise serves the medical, packaging, consumer and industrial markets, and employs 1,150 at 10 U.S. locations. The North Versailles firm ranked 95th in Plastics News' 1996 survey of North American injection molders, with related sales of $46 million. That did not include sales for Tredegar Molded Products, which ranked 42nd, with sales of $89 million.