KENLY, N.C. (Dec. 23, 10:20 a.m. ET) — Raleigh Precision Products Inc. is buying four Nissei injection presses, each with 400 tons of clamping force, and adding its third three-dimensional printer for prototyping.
The 400-ton Nisseis will join a 95-ton Nissei press that the company bought in early November, according to owner and President Pete Smith.
“Everything we've bought in the last year-and-a-half has been Nisseis,” Smith said.
The new equipment will give the company a total of 31 machines in the first quarter of 2012, he said. The clamping forces range from 30-650 tons.
Raleigh Precision has done machining to make prototypes. But this fall, the company invested in a uPrint 3-D printer to make parts more quickly.
Smith started Raleigh Precision in Wendell, N.C., in 1985. Ten years later, he expanded to Bailey, N.C. In 2007, the company moved to its current 45,000-square-foot factory in Kenly, N.C. All the towns are in the Raleigh, N.C., area.
Raleigh Precision employs about 40 and generates annual sales of about $6 million.
John Collins, general manager, said sales have doubled since 2007. “We've been steadily buying equipment,” he said.
The company makes a diverse range of products, including a proprietary line of overmolded filter frames for commercial and industrial buildings. Custom-molded products include baluster spindles that support a railing on a deck or stairway, in-ground termite stations, rodent traps and a roof vent replacement.
According to Smith, Raleigh Precision has grabbed some molding work from China: a project for Stanley Hand Tools making handles for hand saws. Smith said the unit of Stanley Black & Decker Inc. brought production back to the U.S. to be closer to its U.S. saw blade factory.