Stamping company invests $20 million in expansion

Published On: Apr 19 2013 11:50:17 AM CDT   Updated On: Apr 19 2013 02:27:48 PM CDT
MANITOWOC, Wis. (AP) -

A Manitowoc stamping company is in the middle of a $20 million expansion that it says will allow it to add 100 jobs in the next year and a half.

Jagemann Stamping's CEO Tom Jagemann told the Herald Times Reporter the plant's 50,000-square-foot expansion will open in the fourth quarter of the year. Once the company is done adding jobs, it will have about 325 employees.

The company makes bullet casings, electrical connectors and automotive components.

Jagemann said much of the money being invested in the company is for new technology and equipment.

He says the company has received help from the state and private lenders with its expansion.