CHICAGO (Aug. 30, 5:30 p.m. EDT) — Pharmaceuticals firm Aaron Industries Inc. of Clinton, S.C., will expand by leasing a 189,000-square-foot facility in Clinton by the end of 2007 to boost its blow molding capacity.
The firm also will move into PET for cough and cold medicine bottles, President and Chief Executive Officer James Medford said in a July 12 telephone interview.
“We are growing very rapidly and have been for the last few years,” he said, quantifying the company's sales growth at a 25 percent compounded rate per year.
Aaron Industries has been focused on high density polyethylene, making bottles to support its business in pharmaceuticals and food-grade chemicals.
The firm will add three new blow molding machines in 2006 and three in 2007, mostly models from Jackson Machinery Inc. of Port Washington, Wis. The VersaMatic 415 blow molding machine model that Jackson had on display during NPE in Chicago was heading for Aaron Industries, Medford said.
Aaron Industries operates a 240,000 square foot facility in Clinton and another manufacturing site in Lynwood, Calif., with 120,000 square feet of manufacturing space.