AUSTINTOWN, Ohio – Niles-based Dinesol Plastics Inc. has plans to expand its storage and warehouse capacity in Austintown with its $1.9 million purchase of a building at 6750 Victoria Road East.
“We’re preparing for the future,” says Bob Hendricks, executive vice president. “The building was available and it was in the right area.”
Dinesol Plastics is a custom plastics-injection molding service provider that employs nearly 400 people. Today, the company operates two injection-molding buildings with a combined 500,000 square feet.
The new warehouse provides 50,000 square feet of warehousing and storage space, Hendricks says. The sale was recorded Dec. 1.
A key selling point is the building’s location and its proximity to Interstate 80, says Bill Kutlick, agent with Platz Realty Group, which handled the sale.
The building previously housed Intigral Inc., a Cleveland-based company that makes insulated glass.
“They had so much growth that they had to expand,” Kutlick says. The company vacated that space and relocated to another building along Victoria Road.
Kutlick says he secured two offers on the Victoria Road building, which was listed at $2.25 million.
“The market has been very active in warehousing. There’s real demand for warehousing space,” he says.
Kutlick recently sold the former Magna Seating factory along Tod Avenue in Lordstown. The factory once manufactured seating systems for the Chevrolet Cruze, which was built at General Motors’ former Lordstown Complex.
M&M Industries Inc., a plastics pail manufacturer based in Tennessee, wants to move there in early summer. The company has said it would hire 106 employees within five years.
Pictured: Warehouse property at 6750 Victoria Road East. (Image: Platz Realty Group)