A fast-growing power-tool company focused on batter-operated tools just moved into their new $2 million headquarters in Mooresville, consolidating their two other locations in Iredell County.
According to their press release, owner Chris Allen hopes to eventually employ 120 people in their new 40,000 square foot facility. They currently employ 65 people, including design, R&D, executive, financial, and marketing positions. Allen has stated that he plans on hiring another 50+ employees over the next five years.
The new headquarters is located in a new speculative office wing of the old mill complex off main street next to the Merinos Home Furnishings warehouse:
The company now has plans to grow into a $1 billion (annual sales) company as consumers continue to transition from gas powered tools to electric power tools. Their currently on track to make $325 million in revenue for 2016.