Formtek, a metal machinery maker, plans move to Twinsburg | Crain's Cleveland Business

Oct 31, 2024

Formtek plans to move in early 2025 to this Twinsburg building from Warrensville Heights. The new location will double the size of the footprint for the maker of metal forming and handling equipment's operations.

Formtek, a manufacturer of automated metal forming capital equipment, plans to exit its home in Warrensville Heights and head to a larger factory in Twinsburg by the end of March 2025.

The move will accommodate the company's quest for additional growth.

That’s the word from Darren Muchnicki, president of Formtek. In an email, he said the move will double the company’s current footprint, allow it to add more products and, though he did not provide figures, hire additional machinists, machine builders and engineering staff.

“This is a major development for us,” Muchnicki wrote in a news release on Formtek's website.

The company has leased 117,000 square feet at 9820 Dutton Drive in Twinsburg, which will become a multitenant property in Heritage Industrial Park. The new leased building dates from 1999. The structure is owned by a Chagrin Falls investor group called Formflex Inc., although it is listed for sale by CBRE's Cleveland office with an $8.2 million asking price, according to CoStar, the online realty data site.

Formtek’s current headquarters and shop in Warrensville Heights is at 4899 Commerce Parkway, which has 58,000 square feet of industrial and office space. It dates from 1969.

Although Formtek won’t exit until next year, efforts to sell the building it owns in Warrensville Heights are underway. A listing on CoStar said NAI Pleasant Valley realty brokerage of Independence has a listing to sell the property, which Formtek owns. CoStar said the asking price for the current building is $3.95 million.

Formtek produces equipment for metal forming and metal processing industries in categories such as roll forming, tube and pipe production, tooling and related products. It serves a variety of industries, among them aerospace, automobile, construction, window makers and metal building products.

Formtek is part of Mestek Inc. (OTC: MCCK), which is headquartered in Westfield, Massachusetts.