WILMINGTON, OH - September 16, 2005 - AddisonMckee, Inc., a global
leader in the tube bending and end-forming market, has recently
announced it will construct a new 66,550 square foot facility. The
state-of-the-art building provides a 66% increase in manufacturing
space over the company's current location in Wilmington, Ohio, while
offering an additional 85,000 square feet for future expansion.
Kiesland, Inc. has been contracted to develop the nine-acre site, which
is part of Lebanon's Kingsview Industrial Park located near the
intersection of I-71 and SR-48.
AddisonMckee currently employs 126 associates in the US and 145
throughout Europe and Asia. With the upcoming expansion, the company
plans to hire 35 associates over the next three years. The increased
space will not only allow the company to grow through the introduction
of new products but also through the integration of planned
acquisitions.
AddisonMckee's revenue has grown 64% over the past three years and
is projected to grow by another 42% over the next two. "Our success
over the past few years is directly attributed to our team's ability to
satisfy customers' needs and thrive in a chaotic automotive market,"
states company President, Joe Eramo. "The increased space will allow
us to be more aggressive in launching new products and pursuing
acquisition opportunities."
With manufacturing facilities in Ohio and England, AddisonMckee
leads the industry in providing tube manipulation equipment, tooling,
and integrated process solutions. The company primarily serves
automotive, aerospace, furniture, and ship building market segments.
AddisonMckee is principally owned by WHI Capital Partners (WHICP).
WHICP is a Chicago-based private equity group that invests in middle
market, industry-leading companies with solid financial fundamentals
and proven management teams. WHICP is an affiliate of William Harris
Investors, Inc., a family-based asset management firm founded by Irving
B. Harris in 1987.
For more information on AddisonMckee, please visit www.addisonmckee.com, or contact AddisonMckee, Inc. at sales@addisonmckee.com or 937.382.4490.