Projecting its growth at 20 percent again for 1996, fast-growing Ballard Medical Products Inc. will double its 100,000-square-feet of manufacturing space in Pocatello, Idaho - an operation itself only two months old. Ballard also announced Oct. 1 its purchase of all the outstanding shares of Plastic Engineered Products of Canal Fulton, Ohio, in a swap of $4.5 million in Ballard common shares.
Kenneth R. Sorenson, Ballard's chief financial officer, said the $5 million to $6 million expansion in Pocatello amounts to an addition to the existing plant there, which was completed in July 1996. The addition is scheduled to be completed by mid-1997.
The addition means the closure of the Ballard manufacturing operation in Milpitas, Calif. That operation, the former Medical Innovations Corp., a maker of entrail feed systems, was purchased by Draper, Utah-based Ballard in early 1993. The company's 80 employees in Milpitas have been offered positions in Pocatello, Sorenson said.
The incorporation of the Milpitas business brings its sterile manufacturing to Ballard's Poca-tello plant, which previously manufactured and assembled only nonsterile medical plastics.
As for the Plastic Engineered Products purchase, Sorensen said almost all the $2.5 million in that company's revenues arose from one product, an oral care item for critically ill patients. The product will now be incorporated in Ballard's existing ``Ready Care'' oral hygiene kit. Ballard will also sell the oral care product, the ``Denta Swab,'' separately.
Sorenson said Ballard, which has been a public firm since 1983, anticipates sales of $100 million for its fiscal year ended Sept. 30.