Location: Mt. Laurel, NJ
Productive Plastics, Inc. was originally founded in a basement as a wood pattern and model shop. Over the years, it adjusted to market changes by using its tooling experience to expand into the plastic molding market. “Productive Plastics is dedicated to the belief that customer satisfaction is why we are here, that continuous improvement is everyone’s job, quality is everyone’s responsibility, and growth and profitability are our rewards,” says CEO Hal Gilham.
Things are a bit tougher for family members who want to work at Productive Plastics today. Expectations are high, as family members are challenged every day by employees, suppliers and customers to prove their commitment. “Family members must set the example and go beyond what is required. There is no room for entitlement,” says Gilham.
Quick Tip: “A person’s legacy is judged by how you are remembered with the values you provided.”
“When you successfully combine the concepts of culture with a family business, a legacy is passed on to the next generation of entrepreneurs,” says Gilham. The company’s core values are at the center of its culture, including development of people, a focus on safety and technology, and the relentless pursuit of excellence.
“The most difficult position in a family business is stewardship; what was done with what you were given,” says Gilham. Today, a business that was once housed in a tiny basement has 75 employees, three facilities and three manufacturing companies that occupy a 100,000 square-foot facility.