Tegra Medical announced today that it has purchased an additional building across the street from its Franklin, Mass., headquarters and will expand its space in Hernando, Miss. Together, these moves will increase the company’s worldwide square footage by more than 53% to 356,000 ft2.
The new building in Franklin, Mass., has 120,000 ft2 of manufacturing space and requires minimal renovation, shortening the timeline for occupancy. The company’s Quick Wire and Tubing business, which provides in-stock and custom-finished metal wire and hypotubing, will gain its own dedicated space as it becomes the building’s first occupant later in 2020. Other manufacturing operations will be phased into the building soon after that, according to Tegra Medical.
“This is our biggest expansion yet,” noted Franklin GM Hal Blenkhorn in a news release. “As large as the space is already, the property can accommodate expansion to more than triple the building footprint in the future, positioning Tegra Medical for a continued growth path.”
The Hernando, Miss., location is adding 4,000 square feet to house a new manufacturing cell. “With the new space, we will combine operations and increase technology that will allow us to run faster and more efficiently,” said Hernando GM Randy Sible.