The plastics processor is adding six machines to its Minneapolis facility, as well as customers and a new employee, with an eye to hiring more as business takes off. The company already has rapid prototyping and injection molding capacity; adding micromolding will improve its odds in the medical, aerospace, defense and precision industrial markets that it serves.
The seller of the equipment, another processor, wants to remain anonymous, according to a spokesman for Spectrum. Spectrum Plastics Group was better known as Midwest Plastics from its founding in 1958; the company became Spectrum Plastics Group in 2007, and since then has added contract molding facilities in Connecticut and New York and a rapid prototyping shop in Colorado. Spectrum is headquartered in Minneapolis. ...