“The type of business that they were in and the way the plant was laid out, it would have made it very difficult to retrofit to some other industry. So, having a company like Valfilm come in, they’re keeping the employees, which is very important, keeping the intellectual property, and they still buy their resin from Dow,” said Iriti.
The Findlay plant is Valfilm’s first operation within the United States. They plan on expanding plant operations by 2018, adding 75 to 80 new employees. Valfilm was also awarded a 55 percent, eight-year payroll tax credit from the state for creating new jobs.