In May, NewAge Industries, the parent company of AdvantaPure, bought two of three units in a building within seven miles of its headquarters. NewAge recently purchased the remaining unit and now owns the entire seven-acre property consisting of over 90,000ft2 of future production, warehouse, and office space.
“This acquisition completes one plan and puts another in motion,” notes Ken Baker, CEO. “Our search for the right property landed us this convenient location, just fifteen minutes from our headquarters. Now that we own the entire building, the next steps begin.”
Investing in the building, which was purchased with cash, will allow NewAge to increase manufacturing capacity for its AdvantaPure high purity line of products. The facility will house additional tubing extrusion equipment and mold presses in a design planned to maximize workflows and optimize efficiencies.
NewAge recently started Phase 1 of renovations and is preparing areas for cleanroom manufacturing and offices for production and quality department personnel. The company will use the facility as an additional site for the manufacture of AdvantaSil silicone tubing and braid reinforced hose, weldable and sealable AdvantaFlex thermoplastic elastomer (TPE) tubing, and Single-Use molded tubing assemblies.
Demand for tubing, reinforced hose, and molded assemblies has increased considerably in recent months, with many of the products being used in COVID-19 applications such as virus detection test kits, laboratory work on antibodies, ventilators and vaccine development. NewAge Industries-AdvantaPure has hired new team members to keep pace with growth and continues to fill open positions.
“The new property will increase our manufacturing capacity a great deal,” Baker notes. “We expect to eventually produce two-to-three times the amount of platinum-cured silicone and TPE tubing we’re currently making at our headquarters.
“It’s important that we’re preparing for this now, because COVID-19 and all of its repercussions won’t be going away any time soon. We understand security of supply and the critical nature of the products we’re providing to our customers.”
Renovations will continue through 2020 and into next year. Extrusion equipment and injection molding presses, many of which are already purchased and on site, will be set up in stages as areas of the building are prepared. NewAge Industries-AdvantaPure anticipates testing and validation of manufacturing equipment and environments to occur in 2021. The facility will be ISO 9001:2015 certified.
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October 25, 2020 at 11:07PM
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