PINE BROOK, NJ—Platinum Press Inc., a Grand Prairie, TX-based health products manufacturing firm, reports it has purchased a new 60,000-square-foot packing facility here.
Platinum Press states it will use about 55,000 square feet of space for manufacturing and operations, and 5,000 square feet for offices. An additional 40,000 square feet of space is available for future expansion, according to NJBiz. Financial terms of the purchase were not released.
“Many of our clients' pharmaceutical packaging components are currently being shipped into the New York/New Jersey area,” Tom Miller, CEO and president, states. “Opening a New Jersey facility with the same capabilities as our Texas plant will ensure complete redundancy, reduce shipping costs, improve turnaround time and alleviate weather-related shipping/production issues. The new Pine Brook, NJ location will also allow us to strengthen our position in the Northeast market and better serve our expanding customer base.”
The new facility will employ approximately 40 workers and is scheduled to begin operations in the first quarter of this year. See story in NJBiz.
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