Tervis Tumbler Co., a 58-year-old maker of insulated polycarbonate drinkware, plans to invest as much as $7 million to build a 60,570-square-foot headquarters factory in Venice.
The firm outsources its injection molding work, then assembles the parts into finished tumblers.
The company will add equipment to expand capacity, including welding equipment, according to Marnee O'Neil, marketing manager. She said Tervis Tumbler also plans to add equipment to automate some of its assembly work.
Now based in Osprey, Fla., the firm will receive tax-exempt financing through Sarasota County economic development officials.
The new building will be 21/2 times larger than the company's existing building. Since Jan. 1, the company has added 30 employees, and now employs 110.
The drinkware maker also is developing some related new products, such as ice buckets and drink pitchers, O'Neil said.