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Design Concepts and Enterprises is sewing up plans for new addition
HASTINGS — Design Concepts and Enterprises, LLC wants to stitch an addition onto its headquarters building for the second time in less than three years. The manufacturer, which produces suture-attaching equipment and specialty prototypes while also designing and building custom equipment, plans to nearly triple the size of its building at 9 Kline Road in […]
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HASTINGS — Design Concepts and Enterprises, LLC wants to stitch an addition onto its headquarters building for the second time in less than three years.
The manufacturer, which produces suture-attaching equipment and specialty prototypes while also designing and building custom equipment, plans to nearly triple the size of its building at 9 Kline Road in Hastings. That expansion will add 30,000 square feet to the facility, which currently stands at 12,000 square feet.
It is necessary to keep up with expected growth, according to Design Concepts and Enterprises Managing Partner Ted Vermette. The company generated about $3.2 million in revenue in 2012, up from $1 million in 2011, he says. In 2013, it’s targeting $5 million, and it wants to grow to bring in $10 million annually within five years.
“We’re a very fast-growing company,” Vermette says. “We’ve only been in business going on six years. July 7 will be our six-year anniversary.”
The physical expansion comes after Design Concepts and Enterprises started offering more to customers, according to Vermette. Its services had largely revolved around customers that needed attaching equipment.
“So if they have a device — it could be a needle, it could be any kind of device that needs something attached to it — we would do all the development work for them to produce equipment they needed,” Vermette says. “At that point, they’d go to somebody else and look for somebody else to do the manufacturing process, because we had no capabilities of doing that. After two or three customers going away because of that issue, we took half our building and we put in a clean room so that we could do finished medical-device goods.”
Design Concepts and Enterprises finished its clean room in January 2012. At the time, it had 10 staff members. Now it employs 20, and the firm could grow to as many as 50 or 60 workers by the end of this year if all goes as planned with its upcoming expansion.
Construction on that addition will hopefully start in the spring and wrap up in six to nine months, according to Vermette. The building is slated to cost $1.03 million, with expected hiring bringing overall expansion costs to nearly $1.5 million.
The Hastings manufacturer will pay for the addition using $500,000 from Empire State Development that is coming through New York’s Regional Economic Development Council initiative. It will also use a U.S. Small Business Administration-backed 504 loan, although it has not settled on a lender at this point.
Vermette founded Design Concepts and Enterprises in 2007 along with John Renzi and another partner who does not wish to be named. They started the firm after a company they worked for, surgical-needle manufacturer B.G. Sulzle, moved its Salina operations to Puerto Rico, Vermette says.
“At that time I was in charge of the suture-attaching portion of the business,” he says. “What they did for customers was, if they bought needles, Sulzle would supply them with machines or equipment that would allow them to attach needles or sutures. So I was travelling across the world to train people on that business.
“When they moved to Puerto Rico, they could no longer afford that part of the business,” Vermette continues. “They offered me and my other partners the opportunity to start producing the suture-manufacturing equipment.”
Vermette and his partners started Design Concepts and Enterprises — their own business — in 200 square feet of leased space at 914 N. State St. in Syracuse. At that point, they outsourced all production except for one type of component, attaching dies.
They grew to the point where they purchased the facility in Hastings in 2009. The building was just 1,200 square feet at the time. In the fall of 2010, Design Concepts and Enterprises started an addition that brought the facility up to its current size of 12,000 square feet.
Design Concepts and Enterprises has about 95 customers throughout the world, 85 percent of which are international, according to Vermette. They include the Turkish company Dogsan Surgical Sutures and Taiwan–based Unik Surgical Sutures Manufacturing Co. And Surgical Specialties Corp. of Reading, Penn. is considering transferring production to Design Concepts and Enterprises — it’s one of the driving forces behind the upcoming expansion.
The Hastings–based manufacturer isn’t limited to suture-attaching equipment, or even the medical industry, Vermette says. It’s a full prototype design shop, and one of its frequent clients is the analog microelectronics producer M.S. Kennedy of Clay, he says.
“We’re very diversified,” he says. “There’s nothing we won’t take on.”
Contact Seltzer at rseltzer@cnybj.com
Galson Laboratories expands in Hawaii with acquisition
DeWITT — Galson Laboratories today announced a second acquisition in Hawaii since June of last year. The firm announced its acquisition of INALAB, Inc., an
Homer Soy Products, LLC aims to crush soybeans in Cortland County
HOMER — A group of Western New York entrepreneurs is pressing to restart production at a long-closed soybean-crushing facility in the village of Homer. “We’re
New CEO continues family tradition at New Hope Mills
AUBURN — Douglas Weed is the third generation of his family to own and run Auburn–based New Hope Mills, Inc., succeeding his father as president and CEO and sole owner of the company Jan. 1. The Weed family acquired the business, which got its start in 1823, in 1947. New Hope Mills produces a variety
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AUBURN — Douglas Weed is the third generation of his family to own and run Auburn–based New Hope Mills, Inc., succeeding his father as president and CEO and sole owner of the company Jan. 1.
The Weed family acquired the business, which got its start in 1823, in 1947. New Hope Mills produces a variety of baking mixes for pancakes, muffins, and other products.
About half the firm’s business comes from selling its products under its own brand and half comes from private labeling its mixes for other companies, Weed says.
Weed first started working for New Hope Mills as a child. He says he’s worked on every aspect of the business, from the cleaning crew to executive-level jobs.
Weed’s father Dale left the business to start a new company.
“He found that was his way to move on,” Weed says. “That was his way of separating himself.”
As for his goals as CEO, Weed says he wants to grow the company’s own brand to be a bigger part of its business. The firm has expanded its line of pancake mixes to include a number of different flavors and not all of its customers carry all of the flavors, which leaves room for growth.
New Hope Mills’ products can be found in grocery stores including Wegmans and Price Chopper locally and in chains throughout the Northeast, Weed says. The company also has a presence in Ohio and in some other areas along East Coast.
Many customers still visit the company’s store in Auburn or order from its website if they can’t find the products they want in chains, Weed notes. New Yorkers who move to other areas of the country continue to order New Hope Mills’ products even after they leave, he says.
The firm is situated in 30,000 square feet at 181 York St. in Auburn and employs 40 people.
The business relocated to its current location in 2004 from its original site in New Hope. Weed’s family still owns the old location, which includes a number of buildings on the National Register of Historic Places.
Weed says he wants to focus on implementing some lean-manufacturing initiatives at the company. He took part in the U.S. Small Business Administration’s Emerging Leaders Initiative last year, which he says was a valuable experience.
“That really pushed me to think in a little bit different fashion,” he says. “I have my strategic growth action plan that I’m still working off right now.”
Forming an advisory board is on Weed’s agenda as well. The idea, he says, is to tap some outside expertise.
New Hope Mills is investing in research and development, Weed adds. The company is working on new ideas for products and recently introduced a line of gluten-free mixes.
Four of Weed’s five siblings and two of their spouses work at New Hope Mills, along with Weed’s mother-in-law.
Promoting the family dynamic at the company is a priority, Weed says. No members of the fourth generation work at the business yet, but Weed says he wants to foster continued family involvement.
“It is something I would like to cultivate,” he says. “When it goes into the fourth generation, I want it to be successful.”
Contact Tampone at ktampone@cnybj.com
MAPI index declines, still indicates expansion in manufacturing
The national manufacturing sector continues to grow, but only at a slow pace in the face of ongoing challenges, according to a new survey from an industry trade group. The Manufacturers Alliance for Productivity and Innovation (MAPI) released its quarterly Survey on the Business Outlook on Jan. 10. The survey’s composite index fell to 55
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The national manufacturing sector continues to grow, but only at a slow pace in the face of ongoing challenges, according to a new survey from an industry trade group.
The Manufacturers Alliance for Productivity and Innovation (MAPI) released its quarterly Survey on the Business Outlook on Jan. 10. The survey’s composite index fell to 55 from 56 in the September survey.
But the indicator remains above 50, indicating expansion in the manufacturing sector, according to MAPI. The one point drop is smaller than the five point slide in the September survey, the group noted.
“Movements in the individual indexes were mixed, but most of the forward looking indexes showed some, if marginal, improvement,” Donald Norman, MAPI senior economist and survey coordinator, said in a news release. “The rapid slowdown in the growth of manufacturing production that began in March 2012 appears to have bottomed out and the outlook is for slow expansion over the next three to six months.”
The composite index is a combination of individual indexes measuring indicators including shipments, inventory, and profit margins. Overall, six of the 13 individual indexes decreased, including four of six business condition indexes. One remained flat.
Five of seven forward looking indexes in the survey improved, MAPI said.
In a supplemental section, MAPI asked participants in the survey about prospects for bringing operations back to the U.S. from overseas.
More than 16 percent of respondents said they have returned some overseas operations to the U.S. in the last 24 months. All of the activity returned to existing plants, according to MAPI.
Among the operations that returned, 67 percent were relatively small in terms of investment and jobs, the group said. The primary reasons for bringing the operations back included a narrowing gap between the cost of labor in the U.S. and abroad, rising shipping costs, and the desire to reduce supply chain uncertainty.
The main reason for not returning operations to the U.S. was the need for a platform to sell into local markets overseas, according to MAPI.
New partner named at Binghamton law firm
BINGHAMTON — Coughlin & Gerhart, L.L.P. said this week that Meiying Austin became a partner at the law firm effective Jan. 1. Austin joined Coughlin
SYRACUSE — Onondaga Community College (OCC) announced four new agreements this week, including some that will allow students to more easily continue their studies elsewhere.
Upstate to offer new advanced nursing degree
SYRACUSE — The State University of New York Upstate Medical University plans to begin offering a doctor of nursing practice degree in the fall. The
We need to start thinking of the future of our country
To the Publisher: Hi Norm, I thoroughly enjoyed your recent article (Jan. 4 issue, Norm Poltenson editorial, entitled “Uncle Sam’s Ponzi finance”) on the federal government’s Ponzi scheme. It got me thinking about what has happened to us as a nation. As we listened to the pleas from the New York and New Jersey politicians
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To the Publisher:
Hi Norm, I thoroughly enjoyed your recent article (Jan. 4 issue, Norm Poltenson editorial, entitled “Uncle Sam’s Ponzi finance”) on the federal government’s Ponzi scheme. It got me thinking about what has happened to us as a nation. As we listened to the pleas from the New York and New Jersey politicians to rebuild the damaged homes and properties destroyed by Hurricane Sandy, they referenced the government generosity to the Katrina victims in the Gulf. Then we saw some recent polls showing how a large plurality or majority of Americans felt that Medicare and Social Security should be left alone.
This made me think of the story of how a frog dropped into a pot of boiling water will jump out, but a frog put into a lukewarm pot of water will be so comfortable that as the water temperature is increased, he doesn’t notice the difference until it’s too late. I think we may have reached that point as American citizens. With our permission, our elected (and usually re-elected) politicians have gradually warmed our circumstances with a steady diet of supplements like insurance for health, insurance for homes and property, insurance for retirement, as well as subsidies for farming, ethanol, wind power, etc.
One small problem with all of this help from the government is that so much of it has been purchased with borrowed money. With the cooperation of the [Federal Reserve System], we have been living in a wonderland of extremely low interest rates which masks the true cost of the accruing debt by keeping the annual cost of servicing it artificially low. At the same time, all of the people who saved for their retirement are finding that the interest on their savings now pays only a fraction of what it once did, and they are forced to expend their principal to meet the costs of daily living.
As soon as the interest rates rise to more normal levels (as they must and will), the governments that are borrowing short-term to fund their excessive spending will find themselves in a financial bind, since the interest will eat up a much larger portion of their annual budgets, squeezing the very programs to which they (and we) have become so acclimated.
The debates in Albany and Washington are usually couched in economic terms. We are warned of the consequences of unsustainable spending, but there seems to be insufficient political will to stem it. I would like to submit that it is a moral problem that underlies the economic one. We have allowed ourselves to be seduced by the present comforts of overspending and reckless borrowing, while claiming that we have to do something about it. That “something” always seems to depend on someone else paying more or getting less. I suggest we all need to start by taking less, in the form of handouts, co-pays, deductibles, etc. Those of us on Medicare who can afford to pay more for our care should be paying more. The same goes for Social Security. At the same time, would it be too much to ask the federal government purse-watchers to restructure Medicare so it does continue to be a perverse incentive to treat? Would it be so unbearable to ask retirees to wait another year or two to start collecting their Social Security? Is there some hidden reason why we can’t tax earnings above the current salary cap of $113,700?
We need to start thinking of the future of our country as well as our own individual futures. If we don’t look after the former, it seems unlikely there will be much left for the latter.
Sincerely,
Arnold Poltenson, Manlius
New York AG starts $400K grant program for restoring acid-rain damaged Adirondack waterways
New York Attorney General Eric T. Schneiderman today announced the creation of a $400,000 grant program to fund projects aimed at restoring hundreds of lakes
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.