Troy-based Honda supplier Schumann Inc. is doubling the size of its operations.
Steve Schumann, the company’s owner, has acquired the former Tagnetics facility at 635 Olympic Drive, also in Troy, according to an announcement from real estate firm Industrial Property Brokers. The company is currently located at 100 Jackson St.
This air-conditioned 18,000 square-foot plant offers additional capacity and room.
“It is close enough to our main customers and the right-size square footage,” Schumann said in a statement.
The site also leaves further room to expand, the company said. Industrial Property Brokers identified some of the site’s features as 3,500 square feet of office space, heavy power and a manufacturing space not interrupted with columns.
“The rapid growth of Schumann Inc. has been fueled by its current customers which include. United Technologies (Troy), Honda of America (North American plants), Intelligrated (Mason, Ohio), and Slone Gear (Dayton),” the company said.
Tim Echemann with Industrial Property Brokers represented the seller in the transaction.
Schumann thanked the building’s previous owner, Gary Osterfeld, for helping to make the move possible.
Piqua-based Industrial Property Brokers LLC offers sales, leasing, investment analysis and other services across Western Ohio.