ATC Automation officials will invest $10.4 million to expand the company’s operations in Cookeville, TN and create 110 new jobs during the next five years.
The expansion will help ATC meet growing national and global demand for its advanced manufacturing equipment. In total, the company will add more than 65,000 additional square feet to its existing facility in Putnam County.
ATC produces advanced manufacturing equipment for the automotive, medical, energy and consumer products markets. The company designs, engineers and builds assembly lines and test equipment for advanced manufacturers, ranging from small components to complete turnkey systems.
Bill Curran, ATC’s president, said expanding the Cookeville facility is needed to hire new engineers and support staff in order to meet growing demand for its equipment from manufacturers across the globe, including Tennessee-based companies.
“We are excited to begin our latest expansion project,” said Curran. “ATC’s plans through 2020 include growth from $75 million to over $100 million in revenue and employment growth from 240 currently to over 300 employees.”
As part of the expansion, ATC will construct 45,000 square feet of new manufacturing space and 21,000 square feet of administrative and engineering offices. The expansion to the existing Cookeville facility is expected to be completed by mid-2017, with potential new manufacturing starting in the first quarter of next year. ATC will also make upgrades to its existing facility and purchase another building currently being leased.
“There are many people and organizations we wish to thank that enable this growth,” Curran added. “It starts with our customers and employees. We have a highly specialized workforce that has allowed the continued growth of ATC. We employ over 100 engineers, with many coming from Tennessee Tech as well as skilled trades from our technical colleges. It includes community partners, the city of Cookeville, Putnam County as well as government support from TVA and TNECD.”
“We’ve focused on creating and fostering a business climate that helps attract new companies to Tennessee. But it is just as important to help existing businesses like ATC grow and excel here,” said Gov. Bill Haslam. “The Brookings Institution recently found Tennessee is growing advanced industry jobs faster than any other state in the country. These are exactly the types of high-paying, high-skilled jobs that ATC is creating in Cookeville and I’d like to thank ATC for bringing us another step closer to our goal of being the No. 1 location in the Southeast for high quality jobs.”
“ATC has a long legacy of innovation in Cookeville. For nearly four decades, ATC has embodied Tennessee’s manufacturing spirit and has been a vital part of Team Tennessee,” said Tennessee Economic and Community Development Commissioner Randy Boyd. “Since 2010, Tennessee’s advanced manufacturers have created jobs at a 27.1 percent clip, more than three times the pace of the national average. ATC is an integral part of those gains and its decision to bring 110 well-paying jobs speaks volumes to Tennessee’s skilled workforce and the investments our state and local communities have made in education.”
Relocating or Expanding Your Business In Tennesee
Considering Tennessee for your company’s relocation or expansion project? Check out Business Facilities’ Tennessee Incentives and Workforce Development Guide.