MO: TPS Aquires Phoenix Manufacturing, Expands, Adds 45+ Jobs
27 Jan, 2016
Moberly Area Economic Development Corporation announced Turnkey Processing Solutions, LLC has purchased Phoenix Manufacturing. Phoenix Manufacturing currently employs 32 people and operates manufacturing facilities in Cole Camp and Glasgow Missouri. The facilities will continue to operate under the Phoenix Manufacturing brand.
In addition to the purchase of Phoenix, the company plans to expand its operations in both Cole Camp and Glasgow to include 45+ new FTE jobs created over the next 2 years with a capital investment of over $1,250,000. According to MAEDC President Corey Mehaffy, the company was impressed with the workforce in Howard County as well as the infrastructure that is in place at the Bob Monnig Industrial Park in Glasgow to support the company’s plans for future growth.
Mehaffy added, “We are excited about this opportunity to work with TPS/Phoenix. This project is a great fit for the workforce in our region and we are confident that Phoenix Manufacturing will continue to be a strong partner to the community of Glasgow. TPS is a great company and we look forward to partnering with them to help them grow their investment in Glasgow in the years to come.”
Glasgow Mayor Fred Foley added, “Phoenix Manufacturing has been an important part of the business community in Glasgow for 10 years. We are excited to partner with the new ownership group to assist them in expanding their operations in Glasgow. The Glasgow City Council was unanimous in our support of this project and we look forward to working with TPS/Phoenix to create new jobs and investment in our community.”
According to MAEDC Howard County Representative Kirk Biere, the project was a collaborative effort involving several organizations. Biere added, “This project is another example of the public and private sectors working together to create investment and promote growth in our area. I would like to thank the Missouri Department of Economic Development and the City of Glasgow for their willingness to partner with us to bring this project to reality in Glasgow.”
Dave Bartel, President/General Manager of Phoenix Manufacturing added “We are pleased to continue and expand our role in the community. This is truly a win-win for the community at large and Phoenix Manufacturing. We currently have job openings available and we will continue to add to our workforce into the future. We also offer training opportunities specific to our industry.”
Phoenix Manufacturing is an industrial OEM/custom fabrication company with a wide range of capabilities and experience. Some of the industries served are air filtration, asphalt production, material handling, storage tanks and silos for both liquid and dry products. Our custom side serves an added number of industries as well. For more information on the company, please visit the company’s website at http://www.phoenixmfginc.com/
Moberly Area Economic Development Corporation works to promote financial investment in Randolph, Monroe and Howard Counties. For more information on the organization, please visit their website at http://www.moberly-edc.com.