Crunch time: In need of space, Prent Corp. expands
JANESVILLE--What it is: A 7,000-square-foot expansion and remodeling of about the same amount of space for administrative offices at Prent Corp, 2225 Kennedy Road, Janesville.
Headquartered in Janesville, Prent is a global leader in custom thermoform packaging with facilities around the world.
It's been posting significant growth in recent years and is in critical need of space, said Mitch Benson, the company's vice president of materials management and project engineering.
“We're just crunched here,” Benson said. “Prent continues to grow, and we need more space and people to support not only the Janesville plant but our satellite plants, as well.”
Gilbank Construction of Clinton is the general contractor on the project, which broke ground in May and should be finished by November.
In Janesville, Prent has its main plant on Kennedy Road. Around the corner and down Foster Avenue, it operates a machine building facility, plus another consumer product packaging operation in a building that formerly housed Sanford Business-to-Business.
Prent also has plants in Arizona, Costa Rica, Puerto Rico, China, Malaysia, Denmark and Singapore.
Prent’s Janesville employment has grown 20 percent in the past two years, while the company’s global growth has been 50 percent. The company now employs 2,000 people around the world.
Prent is the parent of the Janesville-based GOEX, an industry leader in extruding a variety of resins into custom rigid plastic sheet and roll stock. GOEX has posted double-digit growth in each of the last 10 years, is landlocked and is planning an expansion of its own.
Sometime next year, GOEX plans to move from its Foster Drive plant to a new 161,000-square-foot facility on the south side of Highway 14 at Newville Road. The new plant is expected to cost about $13 million.
The move to a new plant will more than double the company's capacity.
It also will make the GOEX facility on Foster Drive available to Prent Corp. next door, Benson said, adding that Prent would use the GOEX plant primarily for warehousing with the possibility of some production.
“The big driver in all of this is our continued overall growth and adding space and jobs to support our entire worldwide organization,” he said.