Bluffton plastics plant expands on plans
Greater Fort Wayne Business Weekly
Ohio-based 20/20 Custom Molded Plastics, a custom structural form molding manufacturer, is planning a 240,000 square-foot, $26 million expansion to its Bluffton facility.
The company announced the project, which is an expansion of its original plans for the factory, on Oct. 12, the same day as its ceremonial ground-breaking.
It purchased the former Buckhorn facility in Bluffton in August 2017 and announced it would invest more than $27 million to purchase, equip, and expand the plant and create up to 155 jobs. The newly announced expansion is larger than originally intended. The total investment is now estimated at $41 million. More than 200 jobs have been created since the August 2017 acquisition.
“When we first came to town, our vision wasn’t quite this big,” David Rupp, owner at 20/20 Custom Molded Plastics, said in a written announcement. “Recently, we purchased Fort Wayne Plastics and their equipment so their customers are moving to this facility; with the additional requirements of our existing customers, our project has grown.”
Founded in 2000, 20/20 Custom Molded Plastics manufactures structural foam products, which are lighter than traditional materials while still maintaining structural integrity. Using the injection molding process, the company produces products such as pallets, carts, in-ground enclosures, pool panels, floating dock systems, burial vaults and window wells for companies in the logistics, home and garden, consumer products, construction and leisure industries.
The city of Bluffton has offered 20/20 Custom Molded Plastics funding through a company purchased TIF bond that will be financed directly from the increased investment of the project. The Indiana Economic Development Corp. previously offered incentives following the initial announcement in August 2017.
Relaetd Articles: Manufacturer expanding again in Bluffton from Inside INdiana Business
Bluffton TIF district plan for 20/20 put in motion from Indiana Economic Digest
