KENTWOOD, MI -- Wood and composite component manufacturer Paladin Industries Inc. said it will invest $2 million to expand its operations.
According to Michigan Live, Paladin will purchase approximately $800,000 in new equipment and add 30,000 square feet to its operation. In addition, the company will add seven new positions to its current staff of nearly 30 employees.
Paladin, operated by the husband-wife team Larry and Barbara Bell and their sons Thad and Craig, will reportedly receive tax incentives from the city of Kentwood.
Paladin, which currently operates out of approximately 50,000 square feet, was founded in 1985 by Larry Bell as a custom fabricator of wood office furniture components. In 1993, the company added membrane press capabilities to its CNC machining services.
Paladin has over 50,000 square feet of manufacturing area dedicated to panel component processing, assembly and packaging, providing programming, tooling and production services.
Paladin's current product mix includes wood and plastic components and decorative laminating for office furniture, automotive, among other offerings.
Posted by Rich Christianson
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