Klein Tools begins expansion in Mansfield
February 27, 2013 by Mark
Klein Tools, well-known in the electrician and telecommunication fields for its wide range of pliers, wire-strippers, and other hand tools, will begin breaking ground on its long-awaited Mansfield expansion early next year.
The company plans to add 460 skilled employees to its existing 125-person workforce, a welcome boon for local housing markets, business card printing , and retailers.
The Illinois-based company was attracted to the area by an economic development agreement that the city council hammered out last December. A $2.8m tax subsidy from the Texas Enterprise Fund was also offered by the state government in exchange for creating jobs.
Klein will be closing two Illinois locations and moving their operations to a new, 100-acre corporate campus near Mansfield’s existing industrial park. The company already employs 125 workers at the Heritage Parkway site it re-purposed last year.
The new complex, dubbed the Advanced Manufacturing Technology Center, will focus on the development of improved fabrication techniques in the areas of automation, forging, and machining.
Klein Tools’ relocation and expansion is expected to add $7.6 million per year over the next decade to Mansfield’s economy. The economical bonus for the state of Texas overall is forecast at $4.5 billion over the same period.
Tom Klein, company president, said he was:
“…excited about this partnership and the opportunities with the City of Mansfield. This agreement will be significant as we strive to maintain and improve our position…as America’s premier maker of the highest quality hand tools.”
Mansfield’s City Manager Clayton Chandler was similarly pleased with what the deal could bring to the city.