Wisconsin Rapids – Today Matalco, Inc announced plans to construct a new aluminum facility in Wisconsin Rapids’ Rapids East Commerce Center. The site was previously certified in 2013 by the Wisconsin Economic Development Corporation’s Certified Sites program. This program promoted the site as “shovel-ready” for development and aligned with the City’s pro-business Grow Rapids initiative.
Matalco will invest $80 million to construct an 110,000 square foot manufacturing plant and equip this new facility with the latest advanced technology to service both existing and prospective customers and expand market share. At full production capacity, the Wisconsin Rapids facility will employ 80 permanent, full-time personnel with annual production in excess of 230 million pounds of high-quality aluminum billet.
The announcement of Matalco’s investment in Wisconsin Rapids supports the continuing economic growth and diversity officials said today.
“After nearly a year of conversations, securing this investment and the great paying jobs for the City of Wisconsin Rapids required a focused, proactive approach involving state and local economic development partners,” said Mayor Zachary Vruwink. “This is a big win for us and further evidence that the City’s economy is diversifying with the addition of Matalco and a new business sector.”
The project and related incentives are pending City approvals on the real estate sales and development agreements.
“This significant investment firmly demonstrates our continued and unwavering commitment to serve both our customers and prospective clients and expand our market share. After a lengthy selection process, we decided on Wisconsin Rapids as the site of our new plant because of its location relative to our market, its exceptional workforce, local investments in quality of life and the comprehensive incentive package and assistance provided from both the state and local levels. Overall, we are very excited to be part of this progressive community as this will bring new jobs and opportunities to the region.” said Tom Horter President, Matalco Inc.
About Matalco Inc. (www.matalco.com)
Matalco Inc. is a leading producer of state-of-the-art aluminum extrusion and forging grade billet and rolling ingot slab manufactured primarily from scrap aluminum. Matalco Inc. has four plants strategically located in Brampton, Ontario; Canton, Ohio; Lordstown, Ohio and Bluffton, Indiana to serve our North American customers, with a combined annual production capacity of over 1 billion pounds of high-quality billet and slab ingot.
Our facilities are designed with maximum efficiency and sustainability in mind, from minimizing carbon emissions with a highly efficient natural gas system, to utilizing technologically advanced homogenizing ovens, high efficiency furnaces and packing lines. The company provides LEED® qualified material and is both ISO 9001 and 14001 certified. Matalco prides itself as being North America’s largest independent operator of remelt facilities and an affiliate of Triple M Metal LP, Canada’s largest processor of recycled metal and top 10 in North America in terms of volume processed and shipped. This strategic relationship ensures that Matalco is provided with a stable and ready supply of scrap.
About The Giampaolo Group
The Giampaolo Group is a fully integrated metal management group company featuring Triple M Metal LP, one of North America’s largest ferrous and non-ferrous metals recycling and processing operations; Venture Steel Inc., a steel processor and distributor of metal with a distinct focus on flat rolled steel products; Matalco Inc., a leading producer of extrusion grade aluminum billet, forging stock and rolling ingot slab manufactured primarily from scrap aluminum and Global Electric Electronic Processing (GEEP), a global leader in electronic asset management, data erasure for secure reuse and safe, compliant end-of- life electronics recycling for maximum resource recovery and diversion from landfill.