Argotec adding jobs, equipment
GREENFIELD — If you are buying a screen protector for your Nook or iPad, it’s probably made by Argotec, which is why the local plastics company plans to add millions of dollars worth of equipment, as well as 10 to 15 jobs a year, over the next three years, according to its executive vice president.
Nick Filler said the company has been experiencing good, steady growth with a number of its products over the past decade. He said some of the fastest growing and most popular products are automobile paint protectors and electronic screen protectors.
He said the company plans to continue to grow over the next three to five years. It doubled its sales over the past five years, he said. He said that growth could eventually include another addition to its main building.
Filler said Argotec expects over the next three years to add another 30 to 45 employees to the more than 165 who already work there. He said the company will also add another line or more. Lines are the 75- to 80-foot machines the company uses in production.
He said each line costs between $2 million and $4 million.
“We will probably also look at adding more space on Silvio O. Conte Drive in the industrial park, but that won’t happen right away,” said Filler.
He said there is room to add another 30,000 square feet there, if the company desires.
Argotec also owns two other buildings in the Interstate 91 Industrial Park. One is on Adams Road and the other is on Greenfield Street.
Filler said there is no room for expansion of either of those buildings, but the company could add more lines within the existing buildings.
The supplier of custom-engineered, high-performance polyurethane film and sheets recently purchased Stevens Urethane in Easthampton, where it employs another 75 to 80 people.
“We’ve got a good, steady pattern going,” said Filler. “We aren’t seeing quick, spectacular growth, but we’re happy with this. We have great, dedicated employees and very little turnover.”
Filler said the company appreciates working with the Town of Greenfield, which is considering giving the company a property tax break on its expansion to ease some of its tax burden over the next several years while it invests in jobs and equipment.
Argotec, which has expertise in resin, extrusion coating and multi-layer constructions, was founded by Richard Barnes and Steven Wolkenbreit in 1988. The industrial park is the site of its first factory.
Filler said Argotec feels it fits into the green theme of Greenfield because its materials are recycled.
“It’s easy for us to like Greenfield and all it has done to help us,” he said. “And I feel it is easy to like us, because we’re doing what we can for Greenfield.”
Mayor William Martin said details of the tax deal he is proposing to Town Council for its approval will be announced later this month.
In June 2013, Argotec was sold to Wind Point Partners, a Chicago-based private equity investment firm.
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