Encore Plastics Corp. will consolidate paint-accessory production at a newly acquired facility in Cambridge, Ohio, as part of an expansion.
The company will spend about $2 million during the next 18 months to buy more injection molding and thermoforming equipment for plants in Byesville, Ohio, and Remer, Minn. The equipment will fill space vacated when Encore relocates equipment to make paint accessories, said Chief Executive Officer Timothy Rathbun.
Encore did not disclose the cost of acquiring the 192,000-square-foot Cambridge facility, which more than doubles Encore's floor space.
Production should begin by late next year. Compounder Ametek Inc. formerly occupied the Cambridge plant.
The addition of a third manufacturing plant will help Encore expand into injection molded industrial packaging, Rathbun said in a telephone interview from Encore's head office in Bellevue, Ohio.
He said he expects to launch the new container line early in 2003. Encore also will introduce new products for professional and do-it-yourself painters next year.
In the long term, the Remer site will specialize in thermoforming while Byesville focuses on injection molding.
The firm's lineup of paint sundries includes trays, tray liners and mixers.
The company initially will equip the Cambridge operation with thermoforming machinery transferred from Encore's other locations. Eventually, Cambridge will add injection molding capability.
Rathbun declined to provide specific sales information for the family-held firm, but in a news release from the company, President D. Craig Rathbun said, ``Our sales have doubled over the past 24 months and, very simply, we ran out of space.''
Encore, established in 1987, also makes air-conditioner covers and disposable medical supplies.