Nonferrous diecaster Pace Industries will make a $2.8 million capital investment at its plant in Jackson, TN, according to an announcement by the state’s Dep. of Economic and Community Development. The investment will result in 49 new jobs at that location, which Pace acquired in late 2021 from Metal Technologies Inc.
The state did not describe the incentives it is providing for the project, and Pace Industries has not offered the details or schedule for its expansion plans.
Records of the Jackson operation prior to the 2021 ownership change describe it as a 140,000-sq.ft high-pressure aluminum diecasting operation for 300 and 400 series alloys, with heat-treatment, shot-blasting, leak-testing, machining, and assembly capabilities. It had about 100 employees at the time the sale was announced.
Pace Industries operates 15 plants in the U.S. and two in Mexico, and describes itself has having the “largest footprint of any diecaster in North America.” Its aluminum, zinc, and magnesium diecastings are supplied to automotive, commercial vehicle, powersports, lighting, lawn and garden, appliance, aerospace, defense, medical, and other industrial customers.
“Pace Industries has always believed that the greatest asset a company has is its employees, and through this expansion, we hope to sustain permanent growth and the financial independence of our employees while raising the quality of life experienced in Jackson,” according to Jerry Peterson, the Jackson plant’s general manager.