ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Bullish BendPak Breaks Ground on Industrial Complex

AGOURA HILLS, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- The future looks bright at BendPak Inc. Company executives gathered with local leaders on Sept. 10 to officially break ground for the massive new Industrial Complex the global garage equipment manufacturer is building on 33 acres in Mobile County, Ala.

“In times when some companies may choose a more conservative approach due to economic uncertainties, BendPak has always embraced a bullish mindset,” said Jeff Kritzer, BendPak president and CEO. “We’ve consistently invested in our infrastructure and capabilities, and these bold moves have not only sustained us, but have driven our continuous growth. The new BendPak Industrial Complex is a testament to our confidence in the future and our commitment to meeting the evolving needs of our customers.”

The complex will feature several expansive multi-use buildings designed to provide an optimal environment for light manufacturing and assembly, product development and testing, and comprehensive distribution, marketing and sales support. It is located just a couple miles from BendPak’s East Coast campus.

“We are thrilled to welcome BendPak to its third site in the wonderful city of Mobile,” said Stephen McNair, director of external affairs, City of Mobile. “Its continued investment in our community speaks volumes about the growth and potential of our region. With the Alabama Port Authority and APM Terminals expansion plus the increasing opportunities in Mobile, we are proud to see companies like BendPak contributing to our economic development and creating new jobs for our residents.”

BendPak Industrial Complex’s strategic layout has been meticulously planned to streamline supply chain and distribution operations, minimizing handling time and enhancing efficiency. Due to the massive size of the project, it is being built in phases, with phase one expected to be complete in fall 2025. As BendPak continues to scale operations, the new site offers the flexibility to accommodate future growth and expanded manufacturing initiatives.

Gaillard Builders Inc. is serving as general contractor on the project, working with Clark, Geer, Latham and Associates, Inc., and Metcalfe & Company, Inc.

Since its founding in 1965, BendPak has evolved into the world’s largest supplier of car lifts and automotive service equipment. Brands operating under the BendPak umbrella include Ranger®, Autostacker®, QuickJack®, Cool Boss®, MaxJax®, and Ergochair™. Products include a wide range of lifts, wheel service equipment, pipe benders, air compressors, brake lathes, evaporative air coolers, rolling work seats, and more. In recent years, the company has added specialty consumer products to the mix, including boat lifts, Coolee™ portable air coolers, and JackPak® portable power packs.

The growth of the privately held company has led to substantial real estate development. In just the last four years, BendPak has expanded its Santa Paula, Calif., campus; bought, built, and expanded its East Coast campus; and established a new state-of-the-art global headquarters in Agoura Hills, Calif.

Learn more about BendPak at BendPak.com or call (805) 933-9970.

About BendPak

Established in 1965, BendPak Inc. is an American-owned global manufacturer of vehicle service equipment and specialty consumer products sold under the trademarked brands BendPak®, Ranger®, Autostacker®, QuickJack®, Cool Boss®, GrandPrix®, JackPak®, MaxJax®, and Ergochair™. Its collective range of products includes car lifts, parking lifts, EV battery lifts, pipe benders, air compressors, tire changers, wheel balancers, wheel aligners, brake lathes, evaporative air coolers, rolling work seats, and other equipment.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/ada7c632-6549-42f7-9ad8-aa720dba725a

https://www.globenewswire.com/NewsRoom/AttachmentNg/a9aea716-6547-4385-b19c-b10cc6c15bd2


Media Contact:
Kristen Simpson
Simpson Communications, LLC
216-991-4297        
kristen@simpsoncomm.com

Primary Logo

Recent Quotes

View More
Symbol Price Change (%)
AMZN  220.69
+3.55 (1.63%)
AAPL  271.49
+5.24 (1.97%)
AMD  203.78
-2.24 (-1.09%)
BAC  51.56
+0.56 (1.10%)
GOOG  299.65
+9.67 (3.33%)
META  594.25
+5.10 (0.87%)
MSFT  472.12
-6.31 (-1.32%)
NVDA  178.88
-1.76 (-0.97%)
ORCL  198.76
-11.93 (-5.66%)
TSLA  391.09
-4.14 (-1.05%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.