posted on October 20, 2015
Construction activities are rapidly progressing in Janesville's East Side Business Park on A.M. Castle & Co.'s 208,000 SF, build-to-suit facility. As a global distributor of specialty metal and plastic products, value-added services, and supply chain solutions, Castle is consolidating and relocating two operations, one from MN and another from IL, into this (new) Janesville bar processing facility. Hiring and training activities are already in-progress and when fully operational, Castle expects to have up to 90 full-time employees.
Gilbank Construction, Inc., is providing the construction services for this project, while Angus Young Associates provided the architectural, design, and engineering services. Tenant representation was provided by Fischer & Co. and landlord representation was provided by Bill Mears of Coldwell Banker Commercial McGuire Mears & Associates. A group of local investors will own and lease the building back to A.M. Castle.
To facilitate this project, financial support was provided by Johnson Bank, the City of Janesville, the Wisconsin Economic Development Corporation and Alliant Energy/WP&L.
Established in 1890 and with a customer base that represents a diverse blend of industry sectors, A.M. Castle & Co. and its affiliates operate from locations throughout North America, Europe, and Asia. A.M. Castle is traded on the New York Stock Exchange (NYSE: CAS) and its corporate headquarters is located in suburban Chicago, IL.
According to James Otterstein, Rock County Economic Development, “This announcement provides another example of the competitive manufacturing and distribution value proposition offered by the Janesville-Beloit MSA. Our team approach, coupled with proven development practices, continues to generate positive returns.”