A newly formed blow molding company began production June 21 in a leased, 25,000-square-foot facility in Ontario, Calif.
Poly Mold Containers Inc. was incorporated in February, occupied the space June 1 and started operations with a new Bekum 155 continuous extrusion blow molding machine with a barrel size of 90 millimeters.
By the end of July, the container-decorating business of Poly Dec Corp. will relocate 30 miles to the plant from its current location in Azusa, Calif. The father-son team of Norman and Bob Arcy own Poly Dec, and joined with Bob Forr in forming Poly Mold. Forr is president; Bob Arcy, secretary; and Norman Arcy, treasurer.
Forr established Poly Mold to provide the kind of service that has become harder to find as small companies are swallowed by large corporations, he said, such as quick turnaround and short lead times.
``Acquisitions by a large company seem to change the way smaller companies operate,'' he said in a telephone interview. ``Attention to detail doesn't exist anymore.''
Forr has been in the blow molding and decorating businesses for 27 years. He was general manager at Western Container in Corona, Calif., and Simi Corp. in Anaheim, Calif.
Commercial finance broker CBC of Irvine, Calif., arranged for USBancorp to finance the Bekum machine. Bank of Orange County in Downey, Calif., provided Small Business Administration-guaranteed working capital.
``By the time we are finished, working capital, loans and leases will be over $2 million,'' Forr said.
The four-year lease amounts to a $480,000 transaction, said the tenant's agent, Donald Kazanjian, senior vice president with Lee & Associates' Ontario office.
Poly Mold also has two used Fischer FHB 054-1 continuous extrusion blow molding machines with 80mm and 60mm barrels. Two more extruders are to arrive by late September, bringing Poly Mold to its maximum capacity of five extruders, Forr said.
Poly Mold expects to employ 12 by July 1 and as many as 35 by the end of September.
Forr used the consulting and training resources of Inland Empire Small Business Development Center in Murrieta, Calif., to develop his business plan, said Michelle Skiljin, a center consultant.