Custom molder Suburban Plastics Co. plans to double the size of its Grenada, Miss., facility, adding 25,000 square feet to its existing building.
“The business opportunities in the Southeast are just phenomenal for us,” said Vice President Jeremy Baxter, in a phone interview.
He said the company has had a foothold in Grenada since 1997 and that it serves heating, ventilation, and air conditioning, appliance and industrial clients that are growing in the region. They are also looking to expand to new markets.
Suburban will break ground on the addition when weather allows, and Baxter said the project should be finished by early June. The company plans to add at least eight compression molding machines. It currently has 14 injection and compression molding presses on site.
He said the company worked with the state, the Mississippi Development Authority and the city of Grenada on the project.
Suburban plans to 60 jobs over the next three years.
“I appreciate the Suburban Plastics team for selecting its Grenada location as the site of their expansion. When Mississippi's existing companies continue to invest in their operations and create new jobs, they are further strengthening the state's overall economy and their local communities, improving the quality of life for their residents and workforce,” said Gov. Phil Bryant, in a statement.
The family owned business was started in 1946 and now has the third generation running the business. Stuart “Buzz” Baxter is the president, while his sons Jeremy and Rick are vice presidents. Its main office is a 150,000-square-foot facility in Elgin, Ill.
Jeremy Baxter said the overall business is strong, with sales up 15 percent over the last 18 months.
“Our niche is thermoset molding. About 75 percent of our work is in thermoset molding,” he said.