FRANKFORT, Ky. (WTVQ)- High-tech manufacturer Meyer Tool Inc. plans to locate a new facility in Boone County, a move that entails a $15.9-million investment and the expected creation of 100 jobs, Gov. Matt Bevin announced Thursday.
Through the expansion, the company will acquire and renovate an 83,000-square-foot property located just outside of Erlanger. With its new facility, Meyer aims to expand its footprint in the aerospace industry by implementing new technology, which requires additional workers with a specialized skillset. The company intends to gradually increase its employment with full-time positions, of which at least 100 are expected to be Kentucky residents.
Once construction is complete, Meyer will have 12 facilities supplying the aerospace and industrial gas turbine engine industries.
Based in Cincinnati, Meyer Tool is a privately held, high-tech manufacturing company that supplies parts to the aerospace and gas turbine engine industries. The company has served the aerospace and power generation industries since it formed as Meyer Tool and Die in 1951.
Meyer specializes in electrical discharge machining, as well as waterjet machining, conventional machining, abrasive grinding, laser machining and welding, electron beam (EB) welding, coating, airflow testing and more. Meyer has over 1,500 full-time employees across 11 manufacturing sites, with 164 currently working in Northern Kentucky.
Kentucky’s nearly 80 aerospace-related facilities employ almost 19,000 people throughout the state. Many prestigious companies serve worldwide industries from Kentucky’s central location thanks to overnight logistics options and massive transportation infrastructure.
In addition, Meyer Tool can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
For more information on Meyer Tool, visit www.meyertool.com.
A detailed community profile for Boone County can be viewed here.