Sep 29, 2016

Toledo picks Beloit, will bring 118 jobs


Excerpted from Beloit Daily News

A supplier for the Fiat Chrysler plant in Belvidere, Illinois, is planning to move into a building in Beloit and bring up to 118 jobs to the area.

Toledo Molding and Die, Inc.(TMD) will move into the 105,000-square-foot industrial building being put up by Hendricks Commercial Properties near the intersection of Willowbrook and Stateline Road. The two parties have executed a lease for the property.

“We are excited to be expanding our operations in the southern Wisconsin region,” said TMD Chief Operating Officer Dave Spotts. “The Beloit community is ideally located to support our continued partnership with Fiat Chrysler in the Belvidere Assembly plant. The support we have received from the Hendricks’ team, as well as state, county and local officials has been outstanding and we are looking forward to the successful launch of our newest facility.”

Founded in 1955 as a model and pattern shop, TMD has grown to be a global supplier of interior and air/fluid management systems.

“Plastics manufacturing is a key industry driver for both the state of Wisconsin, as well as the Janesville-Beloit MSA, and we look forward to adding TMD’s project to the growing list of firms that are investing in our market,” said James Otterstein, Rock County Economic Development Manager.

“The fact that TMD has chosen Beloit and HCP for their expansion before the building is even completed demonstrates the demand for high quality, Class A industrial buildings in the area. They are a fantastic company that brings good-paying manufacturing jobs to our community,” commented Rob Gerbitz, CEO of Hendricks Commercial Properties, “This building is the prototype for similar industrial development projects we are in the process of starting across the country so we are pleased to see how well it has been received here.”

The 28-acre business park can accommodate multiple buildings for a total of more than 400,000 square feet of industrial space with nearby access and visibility to I-39/90.

Read the full article.