Greystone Plastics Inc. has purchased a $1.9 million, 60,000-square-foot facility in Bettendorf, Iowa, replacing its plans to move into a facility in Eldridge, Iowa.
According to news reports, the family-owned firm's planned move was nixed when the Eldridge City Council determined it had not followed proper procedures in approving more than $400,000 in incentives for Greystone.
Co-owner, secretary and treasurer JoAnne Hamilton would not comment on that matter.
Greystone provides pallets to Miller Brewing Co.
When Greystone's contract recently increased to 500,000 from 300,000 pallets annually, Greystone needed to add a new Milacron press with 1,760 tons of clamping force, she said in a telephone interview.
Hamilton said its 6,000-square-foot facility in Princeton was not large enough to accommodate the added press, so it opted to move to a larger plant.
``We'll have room for our material inside,'' she said. ``It'll be nice.''
The polyethylene pallet maker will operate four injection presses with clamping forces of 300-1,760 tons at the plant, which Hamilton said will be at full capacity by May 1.