Continuously serving Kosciusko County since 1854
PIERCETON - Paragon Medical Inc. this week announced plans to invest $50 million to expand its Pierceton-base into a four-building corporate campus over the next five to seven years. The project is expected to add about 300 jobs in two new manufacturing facilities and a new headquarters housing Paragon's main office and design and support functions.
President and Chief Executive Officer Toby Buck said the plans are a direct response to customer needs. "The orthopedics market continues to demand more of its tier 1 suppliers in everything from design and development support to production and delivery. We want to create a campus that will be recognized worldwide as the source for full service among medical device manufacturers," he said.
The company expects to break ground in 18 months on the seven acres it has purchased east of its current 110,000-square-foot operation. The new buildings will add roughly 170,000 square feet of manufacturing and office space and create a variety of opportunities for people of all skill levels.
"We will continue to have a high demand for talented employees, particularly skilled machinists as technology continues to evolve," said Buck. "We're fortunate to be located in an area with such a wealth of available talent."
In February, Paragon opened an office in Freiburg, Germany. It also has plans to add manufacturing capabilities there to better meet the needs of its European customers.
Paragon employs approximately 325 people, mostly in the Pierceton facility.
