JobsOhio provided a $250,000 grant to support the company’s expansion at 721 Richard St., where it has 180,000-square-foot facility on approximately 11 acres.
“This expansion required a substantial investment in equipment, infrastructure and building systems,” Andrew Sheldrick, Precision Impacts chief operating officer, said in a statement. “The support from JobsOhio allows us to move quickly to expand our production to accommodate this new contract and keep that work in Ohio.”
Founded in 1951 in Dayton, Gayston Corp. consolidated several plants to Springboro in 1987, then spent $1.8 million to move to Miamisburg in 2014. The privately held company occupies the former Dayton Superior Corp. complex, which closed in 2010.
The $1.7 million expansion will allow Precision Impacts to produce a seamless aluminum cylinder that customers can use at home to fill balloons with helium. The cylinder will be fully manufactured in Miamisburg to include fabrication, heat treatment, machining, assembly, testing, filling, finishing and packaging. The product will ship ready for the retail shelf and it will be sold at large retail outlets across the country.
“This is a fantastic growth opportunity for Precision Impacts, and we’re excited to help them develop and launch this new product where they can leverage the region’s skilled manufacturing workforce and logistical advantage,” Julie Sullivan, the Dayton Development Coalition’s executive vice president for regional development, said in a statement.
JobsOhio and the DDC provide support to growing businesses that extends beyond financial incentives, according to Shannon Joyce Neal, DDC’s vice president of strategic communications.
“As economic development organizations, our role is to connect companies to the resources they need to grow in our region,” Neal said. “That can involve helping them identify sites, understand the region’s workforce and infrastructure, make important industry connections, as well as guiding them through the incentive process at the state and local level. Financial incentives play an important role in making the Dayton Region more competitive and helping companies overcome obstacles to growth.”
Precision Impacts will be hiring to support the expansion. For more information, visit www.gayston.com/join.
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