"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," stated Scott Balogh, President and CEO of Mar-Bal, Inc. "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. This facility will have the best and safest working conditions in the company, and when completed, will be the best fully integrated BMC compounding and molding plant in the world," further stated Balogh.
By collaborating with community leaders in the City of Painesville, Lake County, JobsOhio and Team NEO, Mar-Bal will acquire and renovate the 110,669 square foot facility, which is the largest vacant industrial space in Lake County, by the end of 2017. Mar-Bal chose Northeast Ohio because of the skilled workforce required to design, build, operate and maintain a complex manufacturing operation. Within five years Mar-Bal will double their workforce and invest approximately $15.0 million. The support of JobsOhio and the City of Painesville made this manufacturing investment possible.
"Northeast Ohio has strength in materials across the entire value chain," said Walt Good, Senior Director, Business Development for Team NEO. "This coupled with our talented workforce, makes our region attractive for plastic injection molding companies."
"The City of Painesville is proud to have the Mar-Bal Corporation, a strong business with quality employment opportunities, join the Painesville Renaissance Industrial Park. The Mar-Bal family will be a long-part of our city's future as one of our newest and largest employers." Cathy Bieterman, City of Painesville Economic Development Director.
ABOUT Mar-Bal, Inc.
Mar-Bal, Inc., headquartered in Chagrin Falls, OH, is the leading integrated compounder and molder of BMC Thermoset composite products and value added finishing services. Mar-Bal has been recognized as one of America's fastest growing companies for 2 consecutive years (2013, 2014). Since 1970, Mar-Bal has engineered and manufactured quality, customized materials and parts while delivering unmatched client cost-effectiveness through superior customer service and commitment to the total value. Mar-Bal, an ISO 9001:2008 Registered Company, serves the appliance, electrical, industrial, food service and transportation industries from their four facilities in North America, manufacturing plant in Taizhou, China and their Asia Sales Office located in Shanghai, China. Mar-Bal, The One-Source Solutions provider of BMC Thermoset Composites, continues to research and formulate advanced materials, develop innovative products and has a portfolio of brands and proprietary products delivering composite solutions and enabling our customer's technology and success.
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SOURCE Mar-Bal, Inc.