Mar-Bal Inc. (Chagrin Falls, Ohio) has purchased a new manufacturing facility in Painesville, Ohio. This new plant will utilize automation and manufacturing processes in BMC compounding and injection molding.
Mar-Bal will renovate the 110,669-square-foot facility, which is the largest vacant industrial space in Lake County, by the end of 2017. Within five years, Mar-Bal will double its workforce and invest approximately $15 million.
Mar-Bal provides engineering design, material formulation, compounding, molding and finishing services to original equipment manufacturers (OEMs) in the appliance, electrical, industrial and transportation industries. In addition, over the past year, Mar-Bal has expanded its business into the automotive and HVAC markets as well. This additional business growth, combined with their continued investments in new platforms, required Mar-Bal to invest in additional manufacturing space.
"Serving our customers in a newly renovated facility with best in class technology will provide our people with the tools required to be the global quality leader," says Scott Balogh, president and CEO of Mar-Bal. "This Painesville facility positions us for future growth in our core manufacturing processes and is an important addition to our global manufacturing footprint. Our customers are providing us opportunities to grow our current business and product offerings. Our leaders in sales, marketing and engineering are innovating new applications and developing new materials that will open new markets, which all leads to an expansion.”
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