MINOOKA – Metalstamp Inc. of Channahon, which is celebrating 30 years of business, officially broke ground recently on a new 50,000-square-foot building in Minooka Industrial Park.
The precast concrete building will feature a large manufacturing area with thick reinforced floors to support Metalstamp’s large production line of punch presses and machine shop equipment, according to a news release from the company.
KBL Leasing LLC, a leasing group owned by Kathy, Ben and Lee Hutchinson, has selected Brian Papesh Construction to manage the building process which is anticipated to be complete in March 2014.
First American Bank of Elk Grove Village will finance the project.
Metalstamp owners Lee and Kathy Hutchinson noted in the news release they will continue to support “Made in the USA” manufacturing with tool and die building and high speed punch press operations that serve the automotive, electronic, medical and telecommunications fields.
Metalstamp currently employs 42 full-time employees and anticipates adding positions once the company is relocated.
The company has had numerous employees enter the tool and die trade through programs supported by the Department of Labor and the Tooling and Manufacturing Association apprenticeship program.
“Apprenticeships are the key to maintaining a strong manufacturing base. Our school systems need to provide as many class choices for students to support their options toward the manufacturing trades,” Lee Hutchinson said in the news release. “Machinist, tool and die maker, tool designer, mold maker, NC programmer and operators are just a few the possibilities that make up this manufacturing field.”
Hutchinson said the village of Minooka and Grundy County have been helpful in the future relocation of Metalstamp, and thanked them for their support.
The site is located at the intersection of Minooka Road and Serena Court west of Minooka.