Growth requires Preferred Compounding to plan separate headquarters

BARBERTON, OHIO – After more than three decades in the same location, continuing growth means Preferred Compounding’s Barberton facility can no longer accommodate headquarters staff and local mixing operations and technical staff.

The company has signed a lease for a floor of office space 15 minutes away in Copley and plans to move management, commercial, and finance staff there by the end of the year.

“We’ve grown into the second largest custom rubber compounder in North America with compounding operations in Ohio, Georgia, Tennessee and Mexico,” said Ken Bloom, president and CEO. “In addition, as the leading value-added compounder, we’ve significantly increased our technical, quality and production staff at each location over the past decade to support our customers. We are simply out of room in Barberton.”

Moving headquarters staff to an existing office building is the most cost-effective and least disruptive solution, Bloom said.

“To keep headquarters in Barberton, we would have to essentially replace a building and shuffle people around for a year during construction and would still be space-limited for future expansion. This way, we can move and be settled in by the first of the year or shortly after.”

The Barberton plant has separate buildings for black and color compounding. Plant production, technical, quality and customer support staff will move into the current headquarters offices, which will free up room in the plant for production.

Preferred added an ISO/IEC 17025;2005 accredited research and development laboratory at Barberton in 2015 in addition to its existing production testing facilities, further reducing available space. More than 100 line and staff employees work at the Barberton facility.

Preferred will occupy the second floor of a four-story 43,000 square-foot office building at 175 Montrose West Avenue in Copley. Bloom said more customers and prospects are visiting company headquarters and the new space will be designed to better accommodate those sessions as well as allow for future growth.

Preferred mixes black, color and specialty compounds from practically every polymer for applications in a range of industries.

About Preferred Compounding

Preferred Compounding (preferredperforms.com) supplies proprietary and custom mixed rubber compounds to customers including molders, extruders, mixers and others in the rubber goods market. Primary industries served are automotive, construction, power generation and roll goods. The company is owned by Audax Private Equity.

Contacts

Jerry Pignolet, Power Marketing/PR: 440-527-0446, jerry@powermarketingpr.com
Marc Pignataro, vice president, sales and business development, Preferred Compounding: 330-798-4960.

2016-09-14T14:23:07+00:00 September 14th, 2016|