MEDINA — Spray Products Corp., a manufacturer of aerosol and liquid consumer products, has taken ownership of the former Valspar plant on Lake Road with plans for job growth.
Spray Products has committed to creating 40 new jobs by 2020, including 26 this year, and the acquisition was aided by city, state and regional economic development organizations.
Financing was provided through a $5.5 million bond by the Development Finance Authority of Summit County, through its relationship with the Medina County Port Authority.
At the city level, Medina Mayor Dennis Hanwell and Medina Economic Development Director Kimberly Marshall offered a grant estimated at $40,000 for job creation. The Ohio Rail Commission also contributed $52,000 because Spray Products will be a part of the city’s rail consortium.
Overall, Spray Products plans to invest $7.4 million in the project, Spray Products President Bart has said.
Spray Products’ new hires are expected to generate about $1.58 million in payroll.
Marshall said the plant at 1000 Lake Road, previously owned by Sherwin-Williams Co., was the largest vacant building in the city at 270,000 square feet after Valspar closed in 2016, which put about 100 people out of work.
“We feel that Spray Products is a perfect fit for this site and our community,” Marshall said in a statement.
“We are very appreciative of their investment and grateful they chose Medina to expand their business.”
Founded in 1958, Spray Products provides specialized aerosol and liquid packaging services for clients ranging from Fortune 500 corporations to small businesses.
The company has its main production and distribution facility in Plymouth Meeting, Pa., with a second distribution site in Fresno, Calif.
“We are thrilled to formally announce that we will soon be joining the Medina community and we are extremely grateful to those who have partnered with us to make this expansion a reality,” Bastian said in a statement.
“Over the past 60 years, Spray Products, founded by my father, has evolved to meet customers’ demands and the growth of technology.
“Today, we are proud to take the company to the next level through this larger, full-service addition that will enable Spray Products to significantly expand its capabilities and efficiency.”
When Bastian and his team first explored Medina as a potential location for a new facility, the Medina County Economic Development Corp. introduced Spray Products to Team NEO, which facilitated a financial boost through a grant from JobsOhio worth $750,000.
“Everyone we’ve met, at the city, county and state levels, has been so welcoming and served as tremendous resources over the past several months as we’ve worked toward this day,” Bastian said. “We recognize and truly appreciate the great time and effort that these organizations have given to make our expansion to Medina a successful one.”
Bethany Dentler, executive director of the county Economic Development Corp., said there was much collaboration on the project, from the city, Team NEO, JobsOhio, the Medina County Port Authority and the Development Finance Authority of Summit County.
“The investment and new jobs being created by Spray Products are a great contribution to our growing local economy,” she said.
Spray Products said in a news release it plans to have its distribution functions in operation by early April and manufacturing is set to start in mid-May.
The company is hiring for a variety of positions:
- management and supervision;
- chemical batching;
- Safety and environmental.
Contact reporter Bob Finnan at (330) 721-4049 or firstname.lastname@example.org.