February 2018

Spray Products Corp. takes ownership of former Valspar/Plasti-Kote plant

Spray Products Corp. has officially taken ownership of the former Valspar/Plasti-Kote 270,000-square-foot facility at 1000 Lake Road in Medina, OH.

The building was the largest vacant facility in Medina and had been empty since 2016. Spray Products plans to have its distribution functions in operation by early April, with manufacturing set to start in mid-May.

Plymouth Meeting, PA-based Spray Products provides specialized aerosol and liquid packaging services for small and large businesses. The company was founded in 1958.

Team NEO helped the company obtain a JobsOhio $750,000 building improvements grant and a Phase II Environmental Assessment grant. Financing is being provided through a $5.5 million bond by the Development Finance Authority of Summit County, through its relationship with the Medina County Port Authority.

Medina chipped in with an estimated $40,000 grant for job creation. The Ohio Rail Commission also contributed a $52,000 grant.

The company has committed to creating 40 new positions with a goal of reaching 100 employees in the near future.

SOURCE: www.ohio.com