Media Alert

For Immediate Release – September 27, 2011

(left to right): Shawn Leins - AM Engineering, Inc.; Barron Schimberg - The Schimberg Group; Melanie Divirgilio and Chris Rolle - BB&T; Mike Dooley - Dooley Mack Contractors; Sydney, Jake, Jim and Anne Westman - Octex; and Joan McGill - Economic Development Corporation of Sarasota County
(left to right): Shawn Leins – AM Engineering, Inc.; Barron Schimberg – The Schimberg Group; Melanie Divirgilio and Chris Rolle – BB&T; Mike Dooley – Dooley Mack Contractors; Sydney, Jake, Jim and Anne Westman – Octex; and Joan McGill – Economic Development Corporation of Sarasota County

Octex Breaks Ground on 26,000 S.F. Expansion

Sarasota-based Octex broke ground on a 26,000 s.f. expansion to its production facility located at 901 Sarasota Center  Boulevard on Thursday, September 22.  The $7.6 million expansion, funded in part by a $200,000 development grant from Sarasota County, will increase Octex’s production facility to more than 60,000 s.f. in total and will accommodate more than 80 new employees Octex expects to hire in the next several years. The expansion is expected to be completed in March 2012.

“I am very excited to be breaking ground on the expansion of Octex,” said Jim Westman, owner of Octex, to the group gathered for the traditional gold shovel ceremony.  “We are experiencing a great deal of demand from new and existing customers and this expansion ensures that we will be able to meet our customers’ needs.  Both BB&T and the Economic Development Corporation of Sarasota County have been extremely valuable partners in bringing this project to fruition.”

On hand for the ground breaking were Mark Huey and Joan McGill of the EDC, as well as Dooley Mack Constructors of Sarasota, The Schimberg Group, BB&T bank, and AM Engineering, Inc.  BB&T is providing the project financing through aSarasota County Industrial Revenue Bond.

Octex is a premier manufacturer of precision injection molded plastic components for the medical, electronic, industrial andconsumer products industries.   Founded in 1990, the company was purchased by Westman in 2009. Since 2008, Octex has increased salesfrom $7.8 million to more than $14 million last year.

For more information, contact Octex at (941) 371-6767 or email maindesk@octexllc.com.

PressContact:
Dan Mallon, Chief Financial Officer
941-371-6767ext. 26
dan@octexllc.com