STOW, OHIO — With a new president at the helm and an expansion project nearing completion, Formtech Enterprises Inc. of Stow is setting its sights on future growth.
Former President David Turk will still plot the long-term course for the company he owns. He is staying on as chairman and chief executive officer.
But Jeff Peck is taking responsibility for day-to-day operations. He will wear the epaulets of president and chief operating officer of the custom extruder.
Peck joined Formtech as sales and marketing manager two years ago. Prior jobs include 20 years in sales for the Stouffer's Foods Corp., where he became a vice president, and three years as president and CEO of Fasteners for Retail Inc. of Cleveland, a supplier of plastic store display accessories.
Peck will oversee the completion of a 25,000-square-foot expansion at the company's Athens, Ga., plant. Due to be finished in about two weeks, the enhancement will double the floor space in Athens, Peck said by telephone.
Formtech added three Maplan extrusion lines last year, two in Stow and one in Athens. It expects to add another extruder at one of those plants later this year.
The expansion follows a 25 percent increase in the company's customer base over the past two years, Peck said. Formtech supplies custom extrusions to office furniture manufacturers, window and door makers and others.
Peck said Formtech's ability to enhance lineals after extrusion has netted more business.
Formtech is making no secret of its desire for other business relationships.
Peck would not give exact sales figures for his company, but said the figure was greater than $10 million.