Colorado Springs-based Springs Fabrication acquired a small manufacturing facility in Fort Collins with the intent to grow there in the next three years.
Springs Fabrication, which designs and manufactures engineered metal products, bought Precision Machined Products, vacuum technologies division, said Tony Wampler, Springs Fab Fort Collins facility general manager.
At the 100,000-square-foot Colorado Springs facility, the machines are larger and design a wide range of big parts, Wampler said.
The work at the new 8,000-square-foot facility is more precision fabrication and machining, Wampler said, “specifically in stainless vacuum chambers and high-end government assemblies.”
“The work is different,” Wampler said. “The reason why Springs Fab bought this shop is to expand our abilities.”
Tom Neppl, Springs Fab founder and president, started his company in a garage 25 years ago. Today he has 160 employees. His company delivers products across the country to a wide range of industries, including those in energy, government and military and mining and remediation.
“Springs Fabrication, in spite of a volatile economy, has experienced significant growth in the previous two years and our expansion in the Fort Collins area will support our continued success,” Neppl wrote in a prepared statement.
Springs Fab is privately held. Wampler declined to disclose the sale price or projected revenue of the Fort Collins division.
The Fort Collins shop employs eight people and Wampler expects to hire more.
“The goal is to double this year in employees and hopefully in the near future, within the next six months, we hope to be in a bigger facility.”