The photo is courtesy of Lehigh Financial Group LLC
ALLENTOWN, PA _ Polymer Contours Inc. is moving from the Allentown Economic Development Corporation 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 bought the former restaurant supply store in February for $1.3 million. Jeff Barber of Lehigh Financial Group LLC in Allentown arranged SBA financing for Daniels to make the purchase and outfit the building for the business.
“This is one of those success stories for AEDC’s business incubator,” Barber said. “Tyson could have left Allentown, but he chose to stay and grow up here.”
Polymers Contours Inc., a full-service injection molding company, was founded in 2009. Daniels purchased the business, 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 needs more space to continue serving his existing customer base as well as new customers who keep coming. “We needed more space for raw products as well as finished products,” he said. The industrial building he purchased is over 42,000 square feet and was built in 1953.
The business has grown from one part-time person to 9 full-time people. Daniels plans to add at least 10 more in the first year.
Polymer Contours specializes in design-focused production of custom plastic parts and full mold design/build capabilities. It serves a variety of industries including medical, adhesives, 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 clients. The Allentown-based company serves the Lehigh Valley region by providing capital to local, regional and national businesses and investors. For more information about Lehigh Financial Group LLC, please visit our website at http://www.lehighfinancialgroup.com.
Information provided to TVL by Beth Orenstein on behalf of:
Lehigh Financial Group, LLC
122 5th Street North
Allentown Pennsylvania 18102