Aeroseal has sought twice in recent years to stay in Centerville and buy space to consolidate operations and meet its growth. Now company officials plan to move to Miamisburg, where they intend to purchase property that accommodates their needs.
The company that touts a propriety ventilation shaft sealant will take 54 jobs and add at least 20 more to a Byers Road facility it wants to buy - and build on its 10 acres – as part of a $3.7 million investment deal with that city, records show.
The move to what has been – and will continued to be – to the site of Evenflo’s headquarters is expected to follow two aborted efforts to relocate to the former Planet Ford building after being awarded Montgomery County grants for each project, Aeroseal Chief Financial Officer Dan Crowe said.
The preference was to stay in Centerville, where the company that manufactures machinery to inject a patented aerosol sealant into HVAC duct work has been since 2011, Crowe said.
But Aeroseal would have needed more space than the 35,000 square feet combined it currently leases on South Metro Parkway and at its headquarters at South Suburban Road. The Byers Road building is about 65,000 square feet, records show.
“Things happen the way they happen for a reason,” Crowe said. “We’re more excited about this property more than even the Planet Ford building — the location, the size of the building, the acreage.
“So everything’s better suited to facilitating the growth we foresee,” he added.
Centerville tried to keep Aeroseal, according to City Manager Wayne Davis.
“I have enjoyed working in partnership with (CEO) Amit Gupta and Dan Crowe through two successful rounds of ED/GE funding as we worked with our regional partners to find a long-term fit for Aeroseal in Centerville,” Davis said in a statement from the city.
“Aeroseal is a great company that continues to grow,” Davis added. “We wish they could have found the space to grow here in Centerville – and we worked hard to find a fit to keep them – but we are glad they will remain our partner in the region.”
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One of the drivers of the company’s growth, Crowe said, is AeroBarrier, a technology launched last year that impacts “the whole building envelop.”
AeroBarrier, which was featured on the television show “This Old House” earlier this year, is designed to curb the amount of dust, pests and outdoor pollution entering the home while allowing for “improved energy efficiency and renewable energy feasibility,” according to its website.
“Thirty percent of conditioned air that folks are paying for does not reach it’s intended destination,” Crowe said. “So it’s lost in the wall and the attic and the basement. So our product seals that duct work. And people are more comfortable. It helps with allergies. It helps with dust control inside a home and all the hot spots that people experience.”
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Company officials hope to close on the Byers Road site by the end of the month and begin moving, Crowe said.
The move will include Miamisburg giving Aeroseal a job creation refundable tax credit.
Miamisburg has approved offering Aeroseal a five-year, 35-percent refundable tax credit as part of the relocation, records show. In turn, the company would buy the building at 225 Byers Road, employ at least 75 within three years and have an annual payroll of $4.9 million, according to the relocation agreement.
The company headquarters for Evenflo will remain at the site, but consume less space, both Crowe and Miamisburg Development Director Chris Fine said.
The maker of infant care products agreed in 2016 to a five-year lease for the entire building in a deal that called for Evenflo to maintain more than 130 employees.
The size of the property, Crowe said, will allow Aeroseal to add a 15,000 square foot facility as it adds jobs “across all business functions.”
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