The company, currently headquartered in Woburn, MA, and with a manufacturing location in St. Petersburg, will relocate existing equipment from both the St. Pete and Woburn locations to the new site. The move is scheduled to happen through 2018.
The new site includes a quarter-million-square-foot manufacturing facility and 53,000-sq-ft of office space, with 460 parking spaces for employees. The total capital investment by Madico is $30 million. Madico plans to buy new state-of-the-art coating and laminating equipment, to provide additional capacity and capabilities, and support new product development efforts.
Madico is owned by Lintec USA Holdings, Inc. “Lintec is clearly demonstrating its commitment to the Madico business and its confidence in the growth of the markets we serve,” Madico President Shawn Kitchell says.