Contract manufacturer Sil-Pro (Delano, MN) has received $1.5 million in state economic development assistance for an $11 million expansion. The expansion will add 50,000 square feet to Sil-Pro's 85,000-square-foot facility in Delano and result in the creation of more than 100 jobs over the next three years, reports the Minneapolis/St. Paul Business Journal.
Founded in 1998 as a supplier of silicone injection molding services, Sil-Pro has grown substantially and now provides an array of contract manufacturing services for such global medical device OEMs as Johnson & Johnson and Boston Scientific. Its service portfolio includes design and development, thermoplastic and silicone injection molding, extrusion and machining. The company's in-house vertically integrated tooling, machining and automation teams prioritize optimization of manufacturability and cost reduction, says Sil-Pro.
In December 2015, Sil-Pro announced that it had entered into a definitive agreement to take sole ownership of Sil-Pro Machining Solutions (formerly MMI Precision), which provides precision machining to the medical, aerospace, defense and specialty equipment markets.
The ambitious growth agenda is not surprising for a contract manufacturer serving the medical device industry in the Minneapolis/St. Paul area. The region has long been a hub of medical manufacturing and research, starting in the 1950s, when Earl Bakken founded Medtronic. The legacy lives on: Sister brand Qmed recently named the Twin Cities the top region in the United States for medical technology, citing the number of employees (27,718) and "arguably the densest concentration of medical device talent of any metro area in the country."
Minnesota as a whole attracts nearly $300 million in private medical investment annually, state Lt. Gov. Tina Smith told site selection publication AreaDevelopment.