For the second time in four years, Wauseon Machine & Manufacturing will expand its facilities, with the expectation of related jobs available beginning in the fourth quarter of this year.
Wauseon City Council on Tuesday approved the first reading of a resolution to grant the company $250,000 through the city’s Revolving Loan Fund (RLF) to purchase additional equipment for the 30,000 square foot expansion. Passage of two more readings of the resolution is required, followed by a 30-day waiting period to allow the decision to be contested.
Should the RLF ultimately be denied by City Council, WM&M will purchase the equipment through a commercial lender.
The company, at 995 Enterprise Ave., broke ground in mid-August for the $1.5 million addition which will connect its 32,500 square foot Plant 1 with its 30,400 square foot Plant 2.
Matt Bombick, the company’s chief financial officer, said the building expansion will be used for live manufacturing and to accommodate the company’s growing list of equipment and inventory.
“We’re really just doing more of what we specialize in. With equipment that we have, it’s kind of filled up our facility,” he said. “We’re growing, doing a higher volume of services.”
The expansion is also to position the company for future growth.
After a series of discussions WM&M officials formally approved the expansion in August. Excavation of the site is underway, and completion of the project is scheduled in January.
Bombick wouldn’t speculate on how many new jobs the expansion will create. “Certainly, it is our expectation that we will have (related) job opportunities” toward the fourth quarter of 2017 and the first quarter of 2018, he said. He added that WM&M has about 185 employees, and positions are currently available.
The company’s last expansion was in 2013 at the Plant 2 facility. Wauseon Machine & Manufacturing was incorporated Jan. 1, 1984, and moved to its present location four years later. It services customers both domestically and internationally.