Proto Labs Expands To Plymouth, Hiring 100 Workers
Proto Labs, Inc., recently acquired a new manufacturing facility in Plymouth that will house 350 employees, 100 of which will be new hires.
The Maple Plain-based quick-turn manufacturer of custom parts announced Friday that it purchased a 175,000-square-foot space at 2600 Niagara Lane to accommodate its growing manufacturing operations.
According to the company, it plans to invest up to $15 million to purchase, renovate, and build the interior infrastructure required for its expanded operations. The facility is expected to be up and running next spring.
“Proto Labs’ new Plymouth building will be our fifth building at three different locations in the Twin Cities area,” President and CEO Brad Cleveland said in a statement. “Proto Labs’ multimillion-dollar investment in acquiring and rehabilitating this property in Plymouth will help facilitate the continued successful growth of our business.”
After bringing in 100 new workers, Proto Labs intends to move some of its existing workers from Maple Plain to the new location, according to the Star Tribune.
Proto Labs’ 2012 revenue totaled $143 million and saw a 28 percent boost during the first half of 2013, said the Minneapolis newspaper.
Proto Labs currently has 500 employees in Minnesota and 200 internationally.