A family-owned company in Franklin will get bigger today.
GreenPoint Metals Inc. will break ground June 1 on a nearly 70,000-square-foot expansion of its plant at 301 Shotwell Drive.
The expansion, which will cost between $10 million and $20 million, will enable the company to add new machinery, according to Mike Caughell, the company’s executive vice president.
That new machinery, he said, will cut big coils of steel sheets into smaller-sized sheets for companies throughout southwest Ohio.
“We’re a second generation, family-owned business with a very good work ethic and a very high IQ of the steel industry,” Caughell said. “We’re investing in our company and equipment as much as we invest in our people.”
Here are five things to know about the company and its expansion project:
1. Local workforce
A lot of the workforce is from the Franklin area, which was a reason to expand here, Caughell said. The company employs about 70 people.
2. Two facilities
The company owns a slitting facility and warehouse in nearby Camden in addition to the custom metal processing operations in Franklin. The facilities total 250,000 square feet of climate-controlled processing and warehouse space. The Camden facility also has rail access, according to the company’s website.
3. Franklin facility opened 18 years ago
The building on Shotwell Drive was constructed in 1992 when the company was known as Lindsey Steel Processing. GreenPoint Metals was founded 40 years ago by Brian Williamson Sr., according to the company.
4. New addition is nearly 70,000 square feet
The new addition will have 25,000 square feet to house the new equipment, 40,000 square feet of warehouse space, and 4,000 square feet of office space, according to Caughell.
5. More expansion on the horizon
The company is looking to expand again in the next few years and expects employment at the facility “to double in the next five years,” Caughell said.