The Loveland-based Advanced Manufacturing Technology for Bottles Inc., a high speed handling company for empty beverage containers, completed a purchase of an industrial flex building in East Longmont last week. The company expects job creation and business growth to come out of the expansion.
Matt Haskell and Anne Howley of URealty represented Advanced Manufacturing Technology in the roughly $2.8 million exchange for 4066 Camelot Circle, according to a news release from the Colorado Group Inc. Jason P. Kruse and Jorge Espinoza of Colorado Group represented the seller, RCDR properties.
Managing broker Kruse said there was a lot of interest in the 17,500 square foot property. He added the building was a prime asset for its proximity to I-25 and because good industrial buildings are hard to come by.
“We had a lot of activity on that property and the transaction went very smooth. So we were very happy and the seller was also very happy,” Kruse said.
The facility marks the first expansion outside of Loveland in Advanced Manufacturing Technology’s nearly 25 years of business — the anniversary is on June 14 — according to the company founder Tom Ingraham. Advanced Manufacturing Technology designs high speed systems to handle empty containers including beverage cans and bottles.
The building will be used for vertical integration purposes, manufacturing parts used by the company. Ingraham added the location is ideal for Advanced Manufacturing Technology. Shipments to build parts will be received at the Longmont facility. After parts are manufactured at the new building, they will be transported to the Loveland headquarters for final assembly.
“It was really difficult for us to find the location but we're very, very happy with Longmont,” Ingraham said. “We've already put a fence around it and are already investing more money into building.”
Advanced Manufacturing Technology plans on adding renovations and installing equipment. The building is already fenced off for upgrades, and Ingraham estimates that the facility will be operational sometime in July.
With a new 17,500 square foot, Advanced Manufacturing Technology will need to increase its headcount. Ingraham estimates that the company will need 20-30 people to fill mostly fabrication and welding, sheet metal jobs. The new location will possibly need to fill shipping and office jobs.
Ingraham added Advanced Manufacturing Technology is hiring assembly workers for Loveland as well and the company doesn’t discriminate against candidates who were formally justice-involved. Pay for positions at the Longmont facility will start close to $20 an hour, Ingraham said.
