Quantum Storage Systems is focusing on materials advancement and diversifying into retail products.
The Miami injection molder, a division of M&M Plastics Inc., also is making one other promise to customers: the lowest price, always.
``We're the Wal-Mart of the storage bin business,'' said Vice President Dean Cohen.
At the National Hardware Show in Chicago, the firm introduced retail package tilt bins. The firm has one injection molding plant in Miami that has nearly 200,000 square feet of space, where it has added four injection molding machines with clamping forces of 1,000-2,000 tons since the beginning of the year. The firm has a total of 31 machines.
President Larry Groll said the company is working with special polyethylene and polypropylene blends for its retail product line. Until now the company has focused on hardware and industrial products. The firm currently works with 40 different materials and 300 colors to produce storage bins.
``We're putting a lot of technology into the advancement of new materials,'' Groll said. ``We're looking for more strength in products. We put a lot into research and development. We've grown a lot and we're steadily growing.''
He would not disclose sales or the number of employees, but said company officials are on the prowl for acquisitions and specifically are targeting the Midwest. According to its Web site, the firm has warehouses in Illinois, Texas, California, Oregon and Ontario.