Rapid business growth is spurring several expansion projects at Clinton, Mass.-based Injectronics Inc., and may result in a future acquisition to serve its Midwest customer base, according to company officials.
A 4,200-square-foot expansion at the Clinton facility is 50 percent complete, said Paul Nazzaro, the firm's president. The $1 million project will boost the plant's size to 75,000 square feet.
``The company has been growing pretty rapidly,'' Nazzaro said in an April 2 telephone interview. ``In 1990, we were doing $12 million in sales; we're now approaching $40 million.''
Injectronics has booked about $25 million in sales for the next five to seven years, according to Nazzaro. The company is in the middle of planning an expansion at its Burlington, N.C., unit. It has just completed the quote process for adding about 30,000-square-feet of space to the facility, which would double its size.
Nazzaro said the firm is deciding whether to pursue the expansion for the addition of three, 800-ton two-shot molding machines for a large project it has undertaken, or to build a plant in the Midwest.
The company also is considering a possible acquisition to enlarge its capacity, according to Nazzaro.
A decision to build, expand or buy likely will be made within the next two months, he said, but he added that he believes the company will opt to go with the Burlington expansion.
If that route is pursued, Nazzaro said the company, which also maintains a sales office in Auburn Hills, Mich., probably will postpone pursuing an acquisition for 12 months.
In addition to the automotive industry, Injectronics serves the computer, telecommunications, consumer products and medical markets.
Injectronics employs a total work force of about 290 and expects to hire at least four more engineers.