Courtesy Corp. is buying an injection molding plant in South Carolina, just a few weeks after opening a new medical molding plant.
Chairman and Chief Executive Officer Walter Kreiseder said his firm is investing $10 million to open a packaging plant in Anderson, S.C., within a few weeks. It is buying a 170,000-square-foot plant formerly owned by Venture Packaging Inc. and initially will install 12 presses there. The Krauss-Maffei presses will have clamping forces of 300-750 tons.
Kreiseder said his company's sales are expanding rapidly and it is outgrowing the labor supply near its Buffalo Grove, Ill., headquarters. The Anderson facility is equipped with silos and a layout suited to molding, so company officials decided to buy it, rather than spend a year building a green-field operation.
Anderson will focus on molded packaging, such as closures and personal-care containers. Kreiseder predicted his firm will double the size of the plant within two years. The Anderson plant is situated on 38 acres.
Courtesy employs about 1,300 in Buffalo Grove, including 200 in its mold shop, Kreiseder said. It expects to hire another 600 people within six months for Buffalo Grove and the Anderson plant, which will start off with about 50 workers.
Courtesy's new Med/Tek plant in Buffalo Grove is starting with 30 Krauss-Maffei presses, but 60 are slated to be installed eventually in the 325,000-square-foot operation. The Med/Tek operation includes clean room molding, clean room assembly, surface modification and coating capabilities.
The Anderson facility was included in Berry Plastics Corp.'s purchase of Venture Packaging last fall. Marcia Jochem, Berry director of human resources, said the Evansville, Ind., firm moved equipment to other Berry facilities and has been using Anderson as a warehouse since May.
Venture invested about $30 million in the operation when it opened 1994. Venture's facility in Monroeville, Ohio, continues to operate as a unit of Berry Plastics.