A Dayton manufacturer recently bought four lots off Springfield Street to accommodate a growing workforce.
Techmetals Inc., a metals finisher, last week paid $10,000 each for lots in the 200 block of Springfield Street, near its main array of buildings. The lots were purchased from David VanPelt, according to Montgomery County property records.
Phillip Brockman, the company’s president and owner, and chief executive and owner Dan Brockman said in an email that the company needs the space to provide new employees space to park. The company’s new PVD (physical vapor deposition) division will provide diamond-like coatings to protect tools and materials.
Last October, company principals approached Montgomery County government with plans for a $2 million expansion. At the time, the company had some 130 employees with plans to hire 15 more, but Sherry Evans, the company’s chief financial officer, called those numbers “conservative.”
The company received a $2 million industrial bond to assist the expansion, after approval at the time by the county Community Improvement trustees board.
More recently, the company projects to have some 150 employees by year’s end.
The new division will serve medical, aerospace, defense, tool and die, stamping tooling, molds, and the oil industry customers. These coatings will support the needs of companies like Boeing, Airbus, GE, Lockheed Martin, General Dynamics, Goodrich and others.
“The thin film vacuum coating extends the performance of high wear critical parts like knee implants, stamping dies, and punches,” the company said.
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