German manufacturer plans plant
A German manufacturer is planning to build a new plant in the area.
ETO Magnetic Corp., part of Germany-based ETO Group, will build a 65,000-square-foot facility on a 10-acre site in Kentwood, at 5925 Patterson Ave. SE, because of a lack of existing manufacturing space.
The maker of electromagnetic components will move from its current two-building space in Kentwood, at 4311 Patterson Ave. SE, when the new space is complete, expected in October.
The project cost of the new plant was not disclosed.
The company plans to add between 15 to 20 employees to the 130 who already work in the area.
“We are excited about our significant growth in the U.S. market and building a new North American facility further reinforces ETO’s commitment to our employees, customers and local community,” ETO CEO Michael Schwabe said.
The new construction project is also the result of ETO Magnetic being unable to find a building suited to its needs.
The site near 60th St. SE was purchased in November. Colliers International | West Michigan’s Matt Abraham and Erin Nugent represented ETO in the deal. The site was purchased from Franklin Partners, which was represented by Colliers’ Duke Suwyn.
“After undertaking a rigorous site-selection process, ETO Magnetic made the strategic decision for its long-term continued growth in building a new structure that can help the company meet its growing global demand,” Abraham said. “With available, existing manufacturing space dwindling in West Michigan, companies like ETO Magnetic are faced with a choice: take an existing space that may not meet all of their requirements or build a new facility from the ground up that meets all of their needs, while remaining situated in the fast-growing West Michigan economy.”
ETO Group entered the Grand Rapids market in 2007 when it acquired Grand Rapid-based LDI.
The group employs more than 1,800 workers with facilities in Germany, Poland and China.