Autoform will relocate to Angola
News Coverage:
Greater Fort Wayne Business Weekly
Autoform will relocate to Angola
Staff Reports
Tuesday, Sep. 18, 2012 at 9:41am
Autoform Tool & Manufacturing Inc. announced plans to move production out of Fremont and will invest $10 million to buy and renovate two buildings in nearby Angola.
In a statement released Monday by the Indiana Economic Development Corp., the company, which has more than 170 full-time employees, said it will create an additional 95 jobs by 2016.
Autoform said it will purchase, renovate and equip two buildings with a combined 165,000 square feet of production space on 10 acres at 1501 Wohlert St. in Angola. The new facilities are expected to be operational by January.
The company, which was founded in 1996, makes specialty tools for the tube fabrication industry. It also makes fuel rails, fuel senders and direct-injection components for automotive suppliers and original-equipment manufacturers.
Autoform said it will begin hiring manufacturing, quality-control and engineering employees next year.
"When I went out on my own 16 years ago, Fremont welcomed my business and they have been great to work with over the years. We will do whatever we can to assist the town in finding a new business for the ATM building," Robert Jacoby, the owner of Autoform, said in the statement.
"ATM is happy to call Steuben County and the state of Indiana home and we look forward to continued growth here."
The IEDC offered the company up to $700,000 in performance-based tax credits, and the city of Angola approved a property-tax abatement for the project.
