"This investment will ensure our competitiveness, and create future opportunity and jobs as well as expand our overall manufacturing capacity and capability," says Fred Edwards, Goulston's president and COO.
Goulston was established in 1937 in Monroe and was acquired by Takemoto in 1988. The Monroe site currently comprises 250,000 square feet of manufacturing and warehouse space. The company exports some 50% of its product to customers in 40 countries worldwide.
The expansion is expected to be completed in the third or fourth quarter of 2014, and production in the expanded area is projected to begin no later than November 2014.