Replex Plastics plans to buy and renovate a facility in Mount Vernon, Ohio, to support an expansion and diversification project.
Replex expects to spend about $1.6 million on the 53,000-square-foot building. It also will add another thermoforming line and about $500,000 worth of equipment that will allow it to color post-formed parts. The technology, which it is licensing from Bayer Corp., should open new markets for Replex, said Pat Kula, the firm's vice president of marketing and sales.
Replex thermoforms optical domes for security cameras and other high-performance uses, domes and windows for playground equipment, and safety and security mirrors. Kula said Bayer's color infusion technology is immediately applicable to the playground equipment parts and some transportation mirrors in Replex's current customer list. Replex has lined up several potential applications and customers that it will begin to work with in August when the new equipment is installed in Replex's purchased facility.
Kula said the color system involves a pigment solution that is applied to a post-formed part. The pigment infuses into the part surface and cannot be scratched off. The technology is more economical in short production runs than buying pre-colored thermoforming sheet, he claimed.
Replex bought the Mount Vernon building because it is bigger and more modern than the leased one it now occupies. Ownership allows Replex to modernize it to its own needs and provides collateral for any loans Replex might take out. Buying the building will help protect 25 jobs and create another 25 positions, Replex said.
President Mark Schuetz owns the company. Kula declined to provide annual sales figures.