FORT LORAMIE — Industrial Property Brokers Principal Tim Echemann has announced today that his firm represented the seller of a manufacturing facility in Fort Loramie to St. Marys Iron Works for an undisclosed sum.
St. Marys Iron Works will nearly double in size and likely add employees when it moves to its new facility in the spring of 2019 after some remodeling work is completed.
The 56,710-square-foot facility was the former Marwill manufacturing plant, which closed and was relocated to Mexico about two years. An entity associated the Grimm family of Minster was the seller.
“My client will be able to take advantage of an existing manufacturing facility with useful equipment in place, move and repurpose most of its existing equipment at another facility and enjoy the welcoming nature of Fort Loramie as their new business home. Combined with St. Marys Iron Works’ strong work ethic, this is definitely a recipe for success,” said Echemann.
St. Marys Iron Works currently occupies approximately 32,000 square feet of leased space in St. Marys. The business has 19 employees and owners Dan and Bill Gelhaus anticipate adding employees in their new facility after they take occupancy in the spring of 2019.
St. Marys Iron Works focuses on the automotive and trucking industries. The brothers started the business in July 2016 after years of occasionally performing some machining work for a rack builder. Dan worked for an automotive parts supplier for 28 years, developing new model tooling. To learn more visit https://stmiw.com/.
In addition to returnable shipping racks, the company builds parts hangers for automotive robotic paint lines and maintains ecoat hangers for a stamping company that applies anti-corrosion coating to its parts prior to shipment to customers for assembly.