Local and state partners in the city of Grand Rapids, alongside regional economic development organization, The Right Place, Inc., announced a $17.1 million investment in the acquisition and expansion of a local manufacturing facility by Deerfield, Ill.-based Pregis, LLC.
Made possible by the approval of a Michigan Strategic Fund incentive, Eagle Film Extruders will now take on a new name — Pregis Films — after its acquisition by Pregis, LLC, complete with an expansion of its Roosevelt Park facility located at 1100 Hynes Ave. that will allow for the opening of a new production line to increase capacity and meet customer demand.
“One of the things that The Right Place has really worked hard to do over the past decade or so, is work to retain — and Eagle Film is a classic example of this — retain and expand those industrial businesses we have within city limits,” says Tim Mroz, vice president of marketing at TRP. “We have a strong belief that in order to have a vibrant city, you have to have businesses of all shapes and sizes, including industrial facilities.”
With a three-year investment total of $17.1 million, the acquisition and expansion is also expected to generate 50 new jobs at the Grand Rapids facility, where it will continue production of high-quality polyethylene blown film used for a variety of packaging applications
Pregis CEO Kevin Bauduin says the company is currently experiencing an increased demand from industrial and e-commerce, among other market segments, for higher quality materials, so investing in the facility will help meet market segment expectations for packing performance and provide vertical integration for some of Pregis’s other products.
The 160,000-square-foot facility currently houses four state-of-the-art multilayer blown film extrusion lines, converting equipment, and warehouse space, though Pregis plans to install a new five-layer blown film line that is expected to be operational mid-summer following the facility’s expansion.
Eric Icard is the senior business development manager at TRP and project lead on the expansion. He says when hearing from businesses interested in building or expanding manufacturing and distribution facilities in West Michigan, the appeal is in no small part due to the quality of the region’s workforce alongside an often overlooked geographic advantage with its proximity to both major U.S. cities and Canada.
“I don’t believe we give that much consideration, but that’s very nice for anybody looking at distribution,” Icard says.
“Plus, there’s just providing opportunities for the people we serve in West Michigan,” he says. “As an entity, at The Right Place, our focus is the standard of living and how we can improve the standard of living. When people are elevated through opportunities for higher wages, they have a better chance at increasing that standard of living, which in turn creates a better quality of life.”
For more information, visit The Right Place, Inc. online at www.therightplace.org.
Written by Anya Zentmeyer, Development News Editor
Images courtesy of The Right Place, Inc./Pregis, LLC