Business & Tech
Climax Metal Products Co. Opens New Mentor Headquarters
Growing industrial manufacturer renovates 50,000-square-foot Tyler Boulevard facility and brings 45 jobs to the city with an annual payroll of more than $2 million
Climax Metal Products Co. officially announced on Tuesday the opening of its new corporate headquarters at a renovated 50,000-square-foot facility at 8141 Tyler Boulevard.
“The new facility allow us to house our office, shipping department, finished inventory and machining all under one roof,” said Jerry Wheaton, the company's owner and chief executive officer. “Our move took a full month to complete, but a business that’s been around since 1946 doesn’t move overnight. It took a lot of preplanning and executive by our entire workforce and they deserve to be commended.”
The company, with its 45 employees, moved from Wickliffe. Climax’s estimated payroll is more than $2 million, according to Mentor city records. From the city, Climax will receive over the next seven years.
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Climax manufactures a wide range of industrial components for the transmission industry and the maintenance, repair and operations (MRO) markets. The company also produces special products for original equipment manufacturers. In a recent press release, Climax said it is the leading manufacturer of shaft collars, rigid and keyless bushings. The company also makes couplings, keyless locking devices, pulleys, and bearings.
“The company seems to be well positioned for future growth,” said Ron Traub, Mentor’s economic development director, who met with company leaders earlier this week to welcome them to the city. “Their plant is laid out now that it will allow them to grow as the business opportunities present themselves.”
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In June, Climax forged an exclusive North American marketing partnership with an Italian industrial manufacturer, MAV S.p.A., which makes locking assemblies, shrink discs and keyless rigid couplings.
The partnership is expected to advance Climax’s position in the keyless locking device, KLD, market by combining the strength of Climax’s marketing, distribution and service with MAV’s manufacturing expertise and reputation for producing high quality products. A KLD is a hub-locking device that improves the connection of a drive component to a shaft. Common applications for KLDs include gears, motors, hydraulics, clutches and brakes.