(Editor’s note: This story has been updated.)
ELYRIA — Stanley Engineered Fastening is expanding its presence in the city by renovating a 101,000-square-foot manufacturing facility on Liberty Court, where it will produce stud welding equipment under the Nelson brand, the company announced.
Between that new facility and expansion of Nelson Stud Welding’s West Ridge Road headquarters, the city is expected to gain nearly 100 manufacturing jobs, another 130,000 square feet of manufacturing space and millions in investment, Mayor Holly Brinda said Wednesday.
A ribbon-cutting ceremony and grand opening for the new Stanley Engineered Fastenings facility will take place next Wednesday at 101 Liberty Court. Stanley executives are expected to attend.
Once renovations on the Liberty Court facility are complete, the company said, the facility will create “a safer, more comfortable work environment for employees,” streamline manufacturing processes and increase production efficiency.
Nelson brand weld studs and fasteners will be produced there for industries including construction, infrastructure and defense. Stud welding is a quick way to fasten metal on metal, and is used in everything from aircraft carriers to skyscrapers.
The Liberty Court site will house 70 employees and will be a state-of-the-art “Industry 4.0” site serving as a model for future Stanley production facilities.
Industry 4.0, also sometimes called the fourth Industrial Revolution, involves combining automation, robotics, cloud computing and IoT — or “the Internet of Things,” which involves connecting any device with a power switch to the internet.
So “the Elyria model is the future model,” Brinda said, with real-time machine connectivity and monitoring, room for future growth and continued investment in the city in support of U.S. manufacturing.
Brinda said Stanley’s expansion is above and beyond a project the city and Nelson started working in 2017, when there were fears Nelson might move its longtime headquarters out of Elyria.
Instead, lengthy negotiations resulted in the city offering Nelson several incentive packages to stay in Elyria, including a 15-year, 75 percent enterprise zone tax incentive and a 15-year city income tax rebate on new job creation in April 2018. Nelson agreed to hire at least 25 additional employees and add 30,000 square feet of manufacturing space worth up to $3 million, while adding potentially $1.3 million in taxable payroll income.
The city also built a sanitary sewer and pump station to connect the West Ridge Road site to the city infrastructure for production purposes and provided stormwater utility credits as incentives for Nelson to remain, Brinda said.
Nelson “negotiated this agreement originally for expansion of the existing site on West Ridge Road, and then they told us they were also looking at acquiring addition property for ongoing expansion,” she said. “So what ended up happening was fabulous.”
Stanley Engineered Fastening and Nelson Stud Welding are divisions of Stanley Black & Decker Inc. the multibillion-dollar toolmaker. Stanley Black & Decker bought Nelson from the Doncasters Group for $440 million in early 2018.
The city has remained “in very detailed conversation” with Nelson over the past two years, “and the good news is that we’ve kept them in Elyria, Ohio,” Brinda said.