HellermannTyton Corp., a manufacturer of products primarily for the transportation and electrical industries, hopes to begin production at its third plant in Milwaukee and to hire about 25 people by the end of this year, said James Campion, president of the company's North America operations.
The company, which will continue to operate its two existing plants in Milwaukee, bought a 93,000-squre-foot building at 6701-6711 W. Good Hope Road earlier this month. Its other plants are at 7930 N. Faulkner Road and at 8475 N. 87th St.
HellermannTyton, which employs about 250 people in Milwaukee and 340 in North America, has seen strong growth for the past three years, Campion said.
"We just kicked in," he said.
The company, which does plastic injection and extrusion molding, makes products for bundling, labeling, protecting and connecting wires and cable. Its customers include Navistar International Corp., Ford Motor Co., Freightliner Trucks, a division of Daimler Trucks North America LLC, Deere & Co. and Caterpillar Inc.
HellermannTyton plans to move about half of the equipment at its Faulkner Road plant to the new factory, Campion said. It also plans to buy new presses, costing $800,000 to $1 million, and other equipment for the factory.
The company's plants are fully automated.
"This is how we have been able to grow manufacturing in the United States," said Terry Tuttle, vice president of sales and marketing for North America.
HellermannTyton received a $2.75 million loan from MEDC, a business lender affiliated with the City of Milwaukee, to help finance the $6.5 million project.
It also could be eligible for property tax credits based on how many people it hires.
The company, which was founded in 1969 and employs 2,500 people worldwide, last expanded operations in Milwaukee in 2007. It is owned by a private equity firm.
"We are proud to be in the City of Milwaukee," Tuttle said.