Client Success Stories

Core Ingredients and Packaging Inc. 

08-04-2021 16:02

Automation Drives Continued Sales Growth and Job Increases

Core Ingredients and Packaging Inc. is a minority owned manufacturing company for the pharmaceutical, sports nutritional, and dietary supplement industries. With more than fifteen years’ experience within this industry, they now employ approximately 50 skilled team members. They are focused on providing nutraceutical companies with high-quality ingredients (raw materials) for use in the manufacture of finished goods. The Company has recently invested heavily in automation to provide packaging services to their existing and expanding product and customer base. They also provide blister packaging for tablets, capsules and soft-gels as well as other packing needs including blow molded bottles and tops.

THE CHALLENGE

Driven by greater than 30% growth for 4 consecutive years, Core Ingredients and Packaging rationalized that their successes were due to an aggressive expansion of products and services to their existing clients. They wanted to capitalize on this winning formula and acquire a larger customer base, and turned to the South Florida Manufacturers Association, part of the FloridaMakes Network for assistance. The FloridaMakes Business Advisor assisted Core Ingredients and Packaging by reviewing their existing plan of initiatives. With a variety of initiatives on the table for consideration, the team quickly rationalized the long list of goals and established a proforma return for each initiative.

FLORIDAMAKES ROLE

To accomplish this, strategic investments were made in down-stream processes which were established as difficult for both their existing and desired customers to capitalize and implement. With financial strength and boundless energy, the Team began investing in considerable automation aligned with the established and rationalized initiatives. With documented priorities established and measurements in place, as well as a capital investment in excess of $400K of production equipment secured, the next requirement was implementation. FloridaMakes drafted a detailed implementation and training plan which matched the rationalized goals and proforma ROI. The training plan included all employees and utilized five OEM equipment vendors as providers for much of the training and implementation. The OEM trainers were brought in from as far away as Asia and coordinated with the start-up processes of the new automation. During the implementation, an internal training and sustainability process was established, ensuring the continuity and realization of value after the project closed. The project from start to finish was 13 months long and was completed on time, despite the onset of the Covid-19 Virus disruption.

RESULTS

  • Increased (New) Sales: $5M in (new) customer sales have been realized
  • Increased / Retained Jobs: Since the beginning of the project employment has increased by 21 employees
  • New Investments: Over $800K in total was invested in the realization of growth

TESTIMONIAL

Working with FloridaMakes has made, and will continue to make, a significant positive impact in the growth and operations of Core Ingredients Inc. We will continue to utilize FloridaMakes, and the South Florida Manufacturers Association as our “go-to” trusted experts.

— Dr. Rachana Arora, Director Core Ingredients Inc.


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