Fluoro-Seal International LP is expanding again, adding its 12th production facility with the purchase of a building in Mount Pleasant, Iowa.
The Houston-based company is a leader in surface modification of plastics. It started in 1983 by treating polyolefin bottles for enhanced barrier properties, but now provides treatments for improving barrier and adhesive properties of plastics.
``We're signing a contract today and we expect to be up and running as fast as we can,'' Senior Vice President Paul Banks said in an April 13 telephone interview.
The 50,000-square-foot building has to be modified, he said, but could be in production in two to three months.
Banks is enthusiastic about the site, noting it is at the crossroads of two major highways in Iowa and is readily expandable. He plans to hire 15-20 for the facility, but the workforce could grow to 30-35 in a few years.
Officials began their building search in Iowa March 1, and through daily meetings with local, regional and state officials, came up with an agreement. The local power company is working to make sure the plant has enough power.
Another project, however, is still waiting to get off the ground.
Fluoro-Seal announced last May that it was building new corporate offices in Katy, Texas, Banks said. But it has not broken ground on the project, which is still in the planning stages.
``Business has been very strong and we had a record month in March,'' said Banks, noting the private company does not release sales figures.
He said growth comes from a number of areas. One is in treating fuel tanks so they meet 2008 California Air Resources Board standards.
``We're always spending a great deal on research and development for a small company, so we are continually looking at new ways to take our technology and apply it to new industries,'' Banks said.
Fluoro-Seal has nine other tolling locations: in Allentown, Pa; Atlanta; Buffalo, N.Y.; Chicago; Columbus, Ohio; Houston; St. Louis and Kansas City, Mo.; and Yuma, Ariz. It also owns two undisclosed captive sites housed at U.S.-based blow molders.