Built-Rite Tool & Die Co., a custom mold maker in Lancaster, has received a $500,000 loan from MassDevelopment, the state’s finance and development agency announced.
Built-Rite is one of three divisions that make up Reliance Engineering, an integrated plastics company.
Reliance announced a 7,500-square-foot expansion at Built-Rite. The loan announced today will finance a 5,000-square-foot expansion.
Reliance President Craig Boivard said the project will allow the company to pursue growth prospects, especially in Asian markets.
