Company planning expansion

Aero Fluid Products anticipates investing $3M to $4M into project

An aerospace design and manufacturing company is planning a multi-million dollar expansion project in Painesville.

Aero Fluids Products will add 30,000 square feet to the existing building at 313 Gillett St. The company anticipates investing $3 million to $4 million into the project, according to a news release.

“The City of Painesville’s location is prime for this division,” said Aero Fluid Products President Paula Wheeler. “This investment specializes in the design, manufacture and repair of highly engineered pneumatic valves and cabin pressure control systems. It will enhance our current operations, specifically in the area of high temperature and flow test capabilities and

has the potential to significantly increase Aero Fluid Products revenue in the very near future.”

The facility expansion will create 40 full-time jobs, with an anticipated additional payroll of $2.3 million, the release also said.

Congressman David Joyce, Lake County Commissioner Jerry Cirino, the City of Painesville, JobsOhio, TeamNEO and the Lake County Ohio Port and Economic Development Authority collaborated with the Aero Fluid team on this project. The team secured a $200,000 development grant from JobsOhio to assist Aero Fluid with the project’s fixed asset investments and infrastructure. The Ohio Tax Credit Authority also approved a six-year, 1.392 percent tax credit for Aero Fluid, the release states.

“We welcome Aero Fluid’s newest investment and the 40 new jobs it will bring to Lake County,” Cirino said. “Aero Fluid is an innovative company with advanced technologies that can leverage strong Ohio talent to grow its business.”

The agreement requires Aero Fluid to maintain operations at the location in Painesville for at least nine years.

“We are excited to see one of Ohio’s targeted industries, aerospace, investing right here in the Painesville community,” said City Manager Monica Irelan. “Aero Fluid has always been a valued business within our city and we look forward to continuing our partnership as they invest in our community.”

“We welcome Aero Fluid’s newest investment and the 40 new jobs it will bring to Lake County. Aero Fluid is an innovative company with advanced technologies that can leverage strong Ohio talent to grow its business.” — Lake County Commissioner Jerry Cirino