Milwaukee-based PAK Technologies Inc. plans to acquire a 67,000-square-foot building at 6800 W. Calumet Road in Milwaukee.
The Calumet Road building will provide an additional location for the growing company, according to an employee. Owner and CEO Kevin Schuele could not be reached for comment.
The company plans to spend $1 million to buy the Calumet Road facility and another $450,000 on renovations and improvements. The Milwaukee Economic Development Corp.’s Loan and Finance Committee on Tuesday approved a request from the company for a $580,000 loan to help it buy and renovate the Calumet Road building.
PAK Technologies, started in 1980, is a blending, packaging and distribution company. Its headquarters is located at 7025 W. Marcia Road in Milwaukee.
The Calumet Road facility will be used for production, warehousing, logistics and shipping. In the next 12 to 18 months the company will begin installing equipment to begin production of other chemical products that are currently being blended at its 8000 W. Good Hope Road facility.
The company has 58 employees and plans to add another 15 within the next two years.