The Missouri Department of Economic Development (DED) announced Patterson Mold and Tool is expanding its St. Charles facility. The expansion project includes a $4.4 million capital investment and is expected to create 19 new high-paying jobs.
“Advanced manufacturing companies, like Patterson Mold, have long been a staple in Missouri’s economy and it’s good to see this important sector continue to develop and create new jobs,” said Mike Downing, director of the Missouri Department of Economic Development. “Patterson Mold’s commitment to growing in Missouri underscores the state’s manufacturing advantages and we’re proud to be a partner in this expansion project.”
Founded in 1978, Patterson Mold and Tool services the die cast, injection molding, and aerospace industry from small repairs to complete design and build of large complex dies. Its most recent expansion includes the construction of a 10,500 square-foot addition, a 25 ton bridge crane, and additional specialized machinery. The new space, expected to be operational in the spring of 2015, will allow the company to increase production capacity in anticipation of continued growing demand.
“This expansion is a great opportunity for us to better serve our growing client base,” said James Martin, president of Patterson Mold and Tool. “At Patterson Mold, we are constantly striving to find new ways to increase our customer satisfaction. Combining a skilled workforce with cutting-edge technology and increased production space will allow us to provide next-level service.”
To assist Patterson Mold and Tool services with its expansion in St. Charles, the Missouri Department of Economic Development has offered a strategic incentive package that the company can receive if it meets strict job creation and investment criteria.