WATERTOWN, S.D.—Glacial Lakes Rubber & Plastics L.L.C. has moved into a new building.
The firm, which started in 2014, now occupies a 33,000-sq.-ft. facility in Watertown, more than tripling the size of its previous plant.
Employment at the site has doubled to nearly 30 since last summer.
Financial terms were not disclosed, but Robb Peterson, Glacial Lakes owner and CEO, said the investment was in the seven-figure range and doubled the firm's capacity for soling presses to 13.
The company also operates two extrusion lines—with a third planned in about a month or so—and is looking to add injection molding capabilities in the near future.
Peterson said that employment also is likely to increase as the company continues to chase new business. Glacial Lakes has secured enough surrounding land to double the size of the building if the need arises.
The firm celebrated its plant opening on July 25 with the full South Dakota Congressional delegation at a ribbon-cutting ceremony—including Sen. John Thune, R-S.D.; Sen. Mike Rounds, R-S.D.; and Rep. Kristi Noem, R-S.D. Vibram USA CEO Mike Gionfriddo also attended.
Glacial Lakes secured the building last summer and spent the next few months refurbishing it. The company added a full state-of-the-art materials laboratory, giving it the capability to conduct material analysis, material rheology and full spectrum measurements on parts.