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Photo is courtesy of Lehigh Financial Group LLC
ALLENTOWN, Pennsylvania _ Polymer Contours Inc. is moving from the Allentown Economic Development Corporation’s business incubator to the iconic former A1 Restaurant & Janitorial Supply building at 732 N. Sixteenth St. and Sumner Avenue in Allentown. Polymer Contours President Tyson Daniels purchased the former restaurant supply store in February for $1.3 million. Jeff Barber of Lehigh Financial Group LLC in Allentown arranged the SBA financing for Daniels to make the purchase and outfit the building for the company.
“This is one of those success stories for the AEDC’s business incubator,” Barber said. “Tyson could have left Allentown, but he chose to stay and grow here.”
Polymers Contours Inc., a full-service injection molding company, was founded in 2009. Daniels bought the company, located in the Bridgeworks Enterprise Center, in 2015. Polymer Contours had one customer and two machines. Daniels has since grown the business to four machines and 35 customers.
Daniels said he needed more space to continue to serve his existing customer base as well as new customers who keep coming. “We needed more space for raw goods as well as finished goods,” he said. The industrial building he purchased is 42,000-plus square feet and was built in 1953.
The business has grown from one part-time person to 9 full-time people. Daniels anticipates adding at least 10 more within the first year.
Polymer Contours specializes in production focused on custom plastic part design/engineering and full mold design/build capabilities. It serves various industries including medical, adhesive, HVAC/refrigeration, packaging, food service, and general industrial.
Lehigh Financial Group, LLC is a leading source of innovative real estate capital solutions and financing options for commercial customers. The company, based in Allentown, serves the Lehigh Valley region by providing capital for businesses and investors locally, regionally and nationwide. For more information on Lehigh Financial Group LLC, please see our website at http://www.lehighfinancialgroup.com.
Information provided to TVL by Beth Orenstein on behalf of:
Lehigh Financial Group, LLC
122 North 5th Street
Allentown Pa 18102
http://www.lehighfinancialgroup.com/
