CNC router maker Diversified Machine Systems Inc. has come back to its birthplace Colorado Springs, Colo. and is continuing the expansion.
The family-owned business was founded by Patrick Bollar in 2004 and needed to expand after the first year. ``For economic reasons, Bollar moved the company to Gainesville, Texas,'' said the company's marketing and sales manager Howard Stableford. Production doubled annually for three years in a row, and the company was running out of manufacturing space again.
``The Bollars missed Colorado Springs and now property was cheaper than when they left, so they moved back,'' Stableford said.
``The economic climate here became favorable to us again,'' Bollar said in a news release.
DMS invested more than $300,000 to convert a local building. In the 30,000-square-foot new plant, the company now makes computer numerically controlled routers and machine tools with a workforce of 41 - 38 of which are newly created positions filled by locals.
The company added that 90 more positions could be created in the next three to five years at the current growth rate.
The company produced about 80 machines in 2007 and a half of sales come from the thermoforming industry. ``This year, we are on course to increase production by at least a further 50 percent,'' Stableford said in a phone interview.
While primarily serving the U.S. market, DMS has sold machines in Mexico and is shipping one to France soon. ``We have strong interests in our machines from the UK, Russia and even Saudi Arabia.''