posted on December 13, 2016
(Janesville, WI) Plastic Industries, Inc., a plastic packaging manufacturer that produces custom and stock bottles, has leased 75,000 SF at 2929 Venture Drive in Janesville's Beloit Ave. Industrial Corridor. The property, which is owned by STAG Industrial, is a multi-tenant building occupied by manufacturing and distribution firms. Once the facility's tenant improvements and equipment installations are completed in early 2017, Plastic Industries will begin operations and eventually have up to 30 full-time employees.
Headquartered in New Hampshire, Plastic Industries is privately-held, blow-molding manufacturing company. With seven facilities located across the nation, Plastic Industries provides custom - as well as stock - bottles, containers, and canisters for the following markets: Specialty Beverage, Food / Food Service, Healthcare, Industrial / Household Cleaners and the Automotive aftermarkets. In addition to offering custom design and mold making capabilities, the company utilizes state-of-the-art technology and its production facilities maintain industry recognized certifications (e.g. SQF Level II, AIB, IMS, etc.). Beth Muscato, CEO of Plastic Industries commented, “We are excited to be expanding our manufacturing base in Janesville, Wisconsin, and investing and growing with the local community. We are a customer-centered, service-oriented company and look forward to expanding that focus in the upper mid-west.”
Site selection, economic incentive and tenant representation services were provided by Site Selection Group. Meanwhile, Bill Mears (Coldwell Banker McGuire Mears & Associates) and Jones Lang LaSalle represented STAG.
To facilitate this project, the City of Janesville provided a Tax Increment Financing package with additional assistance pending approval from the Wisconsin Economic Development Corporation.
According to James Otterstein, Rock County Economic Development Manager, "This project continues to reinforce the narrative that manufacturing remains an important, as well as strong, economic component for Wisconsin and the Janesville-Beloit MSA. Our team looks forward to welcoming Plastic Industries into the area's business community."