SAN LUIS POTOSI, Mexico—Preferred Compounding Corp. plans to add another compounding facility in San Luis Potosi to increase production and warehouse space by more than 70 percent.
The Barberton, Ohio-headquartered company signed a 10-year lease, effective Jan. 1, on a 57,000 sq.-ft. building adjacent to its present mixing facility in the city.
The addition will increase the company's combined space at its two Mexican sites to 137,000 square feet.
“We continue to grow and will need more space to stay ahead of demand,” said Scott Lieberman, president of wholly owned subsidiary Preferred Compounding de Mexico and executive vice president of Preferred Compounding.
He said that when the building next to the firm's plant in San Luis Potosi became available, the company moved quickly to secure the space. “Location doesn't get any better than this,” he said.
“We're growing faster than the market,” Lieberman said, “but keeping our focus on the fundamentals of quality and delivery.”