Custom Profile, a plastics profile extrusion company based in Walker, Mich., near Grand Rapids, is expanding in the United States.
The company is establishing additional manufacturing operations in Camden, S.C. The $1.7 million investment is expected to create 70 new jobs, according to a news release from South Carolina Gov. Henry McMaster.
The Camden facility will make plastics profile extrusions for the furniture, appliance and marine industries. The site is expected to be online in January 2020.
"We are thrilled with the welcome we have received from the economic development office and our neighboring businesses in Camden," Custom Profile CEO John Boeschenstein said in a statement. "We look forward to becoming an active part of the community as we work to serve our current and future local customers."
Custom Profile has two locations in Michigan: its headquarters and manufacturing facility in Walker and an additional manufacturing facility in Grand Rapids. It also has manufacturing operations in Juarez, Mexico.
The company extrudes plastic parts for the appliance, automotive, marine, medical, point-of-purchase and recreational industries, among others, using compounds such as ABS, rigid and flexible PVC, thermoplastic elastomers and polycarbonate.
Custom Profile is ranked No. 66 in Plastics News' most recent survey of North American pipe, profile and tubing extruders, with estimated sales of $49 million in 2018. The majority — 80 percent — of its sales are in profile extrusion, followed by tubing at 20 percent, according to the ranking. It has 380 employees.
In April, Custom Profile purchased all of its equity from former private equity owners Blackford Capital LLC. The company now operates as a 100 percent employee-owned company through an employee stock ownership plan. Employees in Mexico are not eligible for the ESOP.