Officials from The Giampaolo Group and Matalco Inc. gathered in Wisconsin this past October to break ground on Matalco’s latest facility. Matalco, Triple M Metal’s sister company, is a leader in the production of remelt, extrusion-grade aluminum billet, forging stock and rolling ingot slab. The new facility will be the result of an $80 million investment to construct an 110,000 square foot manufacturing plant, equipped with the latest advanced technology to service both existing and prospective customers. At full production capacity, the Wisconsin Rapids facility will employ 80 permanent, full-time personnel with annual production in excess of 230 million pounds of high-quality aluminum billet.
“Securing this investment for the City of Wisconsin Rapids involved several economic development partners, including state and local officials.” said Mayor Zachary Vruwink. “This was a big win for Wood County proving that Wisconsin Rapids’ economy is strengthening and job opportunities are growing.”
The new facility is scheduled to be ready by mid-2020. “This investment firmly demonstrates our continued and unwavering commitment to serve both our customers and prospective clients and expand our market share. After a lengthy selection process, we decided on Wisconsin Rapids as the site of our new plant because of its location relative to our market, its exceptional workforce, local investments in quality of life, and the comprehensive incentive package and assistance provided from both the state and local levels.” said Tom Horter, President, Matalco Inc.