A Steuben County manufacturer plans a $10 million expansion investment in Angola and will add up to 95 jobs within the next four years, the state’s economic development agent announced Monday night.
Autoform Tool & Manufacturing, Inc. (ATM) currently has a plant in Fremont’s Crossroads Industrial Park, but the company plans to purchase, renovate and equip facilities at 1501 Wohlert St. in Angola, the Indiana Economic Development Corporation said in a news release. The 10-acre Angola campus, which includes two buildings with a combined 165,000 square feet of production space, is scheduled to be operational in January.
“We are sorry for the loss experienced by Fremont, but the positives outweigh the negatives – everybody retains their jobs and ATM has room to grow,” Angola Mayor Richard Hickman said in a statement.
ATM, which has more than 170 full-time employees in Fremont, plans to begin hiring additional manufacturing, production, quality control and engineering associates next year. All current employees will be transferred to the new campus – about seven miles away – as part of the project, the state said.
Hickman was in a meeting Monday night and could not immediately be reached for further comment.
Robert Jacoby, owner of ATM, also could not be immediately reached.
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