Madico reported on December 12, 2019, that it had invested more than US$40 million in its Pinellas Park headquarters and manufacturing site, including the building purchase. The approximately 250,000-square-foot facility had been acquired in 2017.
The company said the investment provided three coating and laminating lines and a research center. It also reported hiring 75 employees during 2019 and employing more than 200 people at the time.
A grand-opening celebration was scheduled for February 13, 2020. That event date should not be confused with the property purchase or the date of the investment update.
The figures describe Madico’s historical account of the site and workforce. They do not establish a current headcount, the purchase price of the building alone or a measured increase in finished-film output. The investment combined property and manufacturing capability rather than a single disclosed asset price.
Sources & reporting notes
- Madico to unveil new headquarters in Tampa Bay Madico · Source dated December 12, 2019
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