SOUTHAMPTON, Pa.—NewAge Industries Inc. is giving itself a present for its 60th birthday.
The company just acquired 40,000 square feet of additional space to expand its manufacturing and warehouse capacity at its Southampton facility. CEO Ken Baker said the expansion is set to be operational by the end of 2014. The space came available when another tenant moved out of the facility.
NewAge is investing about $1.8 million, and Baker estimates about 10 jobs will be created. A second phase will add new offices to the facility, but that won't be finished until 2015.
Baker said the firm is experiencing strong growth. In 2013, it posted its eighth record year for incoming orders out of the last nine, and NewAge is ahead of its 2014 projections by 12 percent.
“The warehouse really is getting squeezed,” Baker said. “We decided to do this right now while we have capacity. We wanted to do both at the same time, adding space for production as well as warehouse.”
The expansion will be centered on two product lines: NewAge and AdvantaPure.
The NewAge line is geared for industrial and food grade type products. AdvantaPure is a high purity line designed for high pharmaceutical processing. It is produced in Class 7 clean rooms.
The firm also offers a Verigenics line, which offers automated product identification and tracking systems involving radio frequency identification.