Par Systems’ new $20 million laboratory and production facility in Shoreview has specific needs.
Yet it also needs clean rooms to develop the tiny machines that coat the thinnest of medical catheters.
Par — owned by the Pohlad family, which also owns the Twins — will build the 140,000-square-foot structure on land vacated when Deluxe Corp. moved its headquarters downtown.
It will be completed next fall, and will boost Par’s factory capacity by 40%.
It’s badly needed and will go a long way toward meeting the company’s goal of also boosting revenue by 40% over the next five years, CEO Karla Leis said on Tuesday.
“We’re hiring a lot and we’re kind of squeezing people in. Even our engineers’ desks are cramped and we’re pretty much all here in person now so we definitely need the space,” she said. “It will just be fantastic to have more innovative and versatile space for the team.”
With the new facility, Par hopes to add 26 to 30 new workers in each of the next five years. Currently, the company employs 500 people, 260 of them in the 100,000-square-foot factory that sits just south of where the new facility will be.
