Elk River, Minn.–based Cretex plans to complete facility construction by the end of the year. The company expects the facility by the end of 2022 to house its stamping, molding and tool design — and advanced engineering and assembly businesses.
“Cretex is excited to provide our customers with a single-point experience by bringing our capabilities together under one roof,” Cretex CEO Jeff Wollerman said in a news release posted in late March after the land purchase.
“We pride ourselves on having a long-term vision for our businesses, and by creating this modern, environmentally sustainable facility, we are supporting our growth,” Wollerman said.
Pete Herman, president of Cretex’s JunoPacific subsidiary, is helping to lead the project, located southwest of highways 610 and 169. “This state-of-the-art facility will allow for the expansion of our new technology and engineering investments while also eliminating the constraints to our existing production,” Herman said.
A company spokesperson told Twin Cities Business that Cretex could have 350 to 400 employees within five years.