Findlay plastic manufacturer invests $7.2 million to expand
By Terry Troy
Findlay Machine and Tool (FMT), a plastic injection molding company, will invest $7.2 million to further expand its operations in Findlay, adding 50 jobs. This will bring the company’s total local investment to over $40 million over the past 36 months.
With the expansion, the company is making significant new investment for additional injection molding equipment and infrastructure to its facility in the Tall Timbers Industrial Park at 2000 Industrial Drive which will accommodate continued double digit annual growth. FMT is a high-quality, plastic injection parts manufacturer offering a range of services including engineering and design, industrial 3D printing and prototyping, plastic injection molding and tooling services.
Company CEO Dave Feldman attributed the region’s talent base in advanced manufacturing and related industries as a key factor in the decision to expand in Findlay, as well as the area’s central location and access to key markets.
“Being centrally located is critically important and a major advantage for our company,” Feldman said. “From a logistics perspective, we are within 600 miles of approximately 60% of the US population and our robust transportation network provides efficient access in and out.”
The company will add 15 additional high-tonnage presses, more than doubling its current capabilities.
“We are making considerable investments in our team and in the latest in modern, eco-friendly, fully-automated, advanced manufacturing technologies, combined with a focus in innovation and new product development. These investments are designed to provide our clients with industry leading solutions and unmatched value,” said FMT’s Owner Nick Reinhart.
“Our region’s fundamental strengths in the advanced manufacturing and plastics industries continue to attract new investment and high quality jobs from leading companies across the country,” said Dean Monske, president and CEO, Regional Growth Partnership. “With significant support from JobsOhio, we thank FMT for its investment and commitment, and we look forward to its long-term growth in Northwest Ohio.”
In addition to the RGP and JobsOhio, the city of Findlay and Findlay-Hancock County Economic Development offered significant support in marketing the existing site, workforce hiring and facilitating the permitting process.
The Regional Growth Partnership is the lead economic development organization serving 17 counties in Northwest Ohio. As a private nonprofit development corporation, the RGP is dedicated to fostering regional, national and international business investment opportunities across the region. The RGP serves as Northwest Ohio’s network partner for JobsOhio.
FMT is operated by Nickolas, a family office headquartered in Sarasota, Florida.
