MONROE, MICH. (Oct. 21, 3:35 p.m. ET) — Monroe Mold LLC has launched its sixth expansion since the company's founding, this time adding 7,650 square feet of space.
The Monroe firm — a blow mold toolmaker with a focus on polyethylene containers — first opened in 1977. President Jim Ghesquire said this addition to its 15,825-square-foot plant will provide space for new machinery, an engineering area and a conference area.
“It's been a program of continuous growth for us, and we've hit our limits,” Ghesquire said in an Oct. 19 telephone interview.
The company will add new equipment as part of its expansion, but Ghesquire declined to give details. The expansion will allow Monroe to repair damaged or worn molds better. That market has shown strong growth for the company.
Monroe has steadily boosted its staff, and now employs 30. It has a certified apprenticeship program to develop and train future mold makers.
Monroe is part of R&B Holding LLC of Saline, Mich., a sister company of equipment maker R&B Plastics Machinery LLC.
Combining Monroe's mold making and R&B's blow molding machines is part of streamlined production potential, said Al Hodge, president of R&B Holdings. The two companies can fully test and evaluate new production without tying up customers' molding machines.
Monroe's mold and tooling sales for 2010 were between $6 million and $7 million.