Dynamic Tool Corp. officials bought a former Kohl's Corp. credit and customer service facility in Menomonee Falls, Wis., for $4.3 million to accommodate growth spurred mainly by the medical market.
The 70,000-square-foot facility is in the same industrial park as the headquarters of the manufacturer of plastic injection molds for components for medical diagnostics, diabetic care and monitoring, packaging including caps, closures and dispensers, consumer products, personal care and dental instruments.
Founded in 1976, Dynamic Tool is known for tight-tolerance and high-cavitation tooling systems. In the last five years, the company also has expanded its engineering, design, machining, metrology and mold sampling capabilities.
The purchase of the former Kohl's structure will allow Dynamic Tool to build on its roles as a product development and launch partner, according to company officials.
But first the space, which previously housed expansive office and administrative activities, will be renovated and upgraded for manufacturing operations with material handling and machinery.
Since 2020, medical device and diagnostic components have made up a considerable portion of the company's product portfolio, according to President Steve Eberle.
"Because of our strong relationships with our customer's product development, project management and procurement teams, Dynamic experienced significant growth in the past 36 months, both because of, and despite, the COVID era," Eberle said in an email.
"While new product introductions slowed considerably for many markets in early 2000, health care saw unprecedented demand in several categories. Our engineering capabilities enabled expedited product development and production launch for several key customers," he said.
The former Kohl's site will provide the platform for expanded sampling and qualification services as well as the development of turnkey manufacturing cells, according to Ken Eberle, vice president of business development.