WAPAKONETA — Due to a sales growth, Wapakoneta company Midwest Specialties will be breaking ground at 315 Commerce Drive for its new industrial facility in late spring/early summer.
The new facility will house FlexDrill CNC and FlexArm Inc., two subsidiaries of Midwest Specialties.
FlexArm Inc. is a global business that manufactures high-precision tapping machines, die grinders, torque reaction arms and custom lifting solutions. FlexDrill CNC is also a global business that manufactures the FlexDrill, a CNC machine designed for fabrication and machining shops that contain open beds that can be sized between 10-80 feet long.
Midwest Specialties purchased 8 1/2 acres and the estimated year-long project is projected at $4 million, according to Gregory Myers, executive director of Wapakoneta Area Economic Development Council.
The new facility will be over 50,000 square feet, with a 12,000-square-foot office space and a 40,000-square-foot manufacturing space.
With this expansion the company is looking to hire an additional 35 new employees who are skilled machinists, programmers, assembly technicians, CNC technicians and office staff.
“We are looking for talented individuals that want to be here for the same reasons that we are,” said President of Midwest Specialties Nick Kennedy. “We need people who are going to help us add value.”
The 35 new employees will add to its 25 employees who already work at the current facility on Industrial Drive, creating the estimated payroll of $2.1 million.
Once the new building is finished, FlexDrill CNC and FlexArm Inc. will move and use the old facility for storage and overflow shop space.
Kennedy expects the expansion will not only lead to a company success but also cause FlexDrill CNC to become a $50 million product line within in 10 years. More importantly, he is excited about the expansion because he is able to give back.
“We are bringing more manufacturing work to this area, and we are excited about the growth opportunity,” he said. “”We want to continue to give back to our local community.”
Reach Camri Nelson at 567-242-0456 or on Twitter @CamriNews