Aluma announces plan to purchase building for expansion
ALUMA ANNOUNCES PLAN TO PURCHASE BUILDING FOR EXPANSION
Aluma is pleased to announce the purchase of a 105,000 square foot building for expansion. Aluma agreed to terms with Skyjack Manufacturing, Inc., to purchase their building in Emmetsburg, Iowa. The expansion is necessary to support the production requirements of Aluma’s growing network of aluminum trailer dealers. The facility will provide space for warehousing, production, research and development of the enclosed trailer line.
President Mike Lloyd stated, “Over the past two and a half years, our growth has exceeded our forecasts and we needed to secure additional space quickly to secure the contracts within our dealer network. This expansion will provide the capacity necessary to meet the needs of our current dealers and will allow us to pursue additional opportunities that weren’t possible with our existing facility.”
The closing date is November 1st. After updates and preparations have been completed, the building will be operational by spring of 2013. The enclosed trailer line will be moved from the Bancroft plant to Emmetsburg. This move should help shorten lead times on orders from 8 - 10 weeks to 5 - 6 weeks.
Aluma is expecting to add 20 to 25 new jobs over the next three years.
Aluma has been building high quality aluminum trailers and picnic tables since 1992. Trailer lines include ATV, utility, motorcycle, raft, watercraft, car hauler, snowmobile and enclosed trailers.
Michael J. Donovan, Sr.