Less than a year ago, Toledo Metal Spinning Company, 1819 Clinton St., made a large investment to acquire new equipment and retrofit two spinning lathes.
On Feb. 4, almost all of that equipment and much of the family-run company’s 110,000 square feet of manufacturing space was destroyed in a fire.
Vice President Eric Fankhauser said the company has been at the Clinton Street address since the 1950s. His father, Ken, and his Uncle Bill acquired the company in 1964. Ken, president, and his two sons, Eric and Craig, Vice president and Sales Manager, operate the company.
“We are committed to this area,” Fankhauser said. “However, we did explore other options for the company following the fire.”
Fankhauser said the company has land in Rossford at Buck and Glenwood Roads. “We did investigate relocating to that site following the fire,” he said.
“Instead, a win-win-win situation was reached. We could stay at our Clinton Street location and build a 12,000 to 15,000 square-foot building on our Rossford site for material handling,” Fankhauser continued.
In true cooperative spirit, Paul Hubbard, Director of the Department of Neighborhoods is lending significant assistance to enhance the surrounding neighborhood. And the police department has instituted community policing in the neighborhood.
By keeping the plant in Toledo, 47 jobs have been retained in the city and the Fankhausers anticipate adding more employees as new equipment is added.
Started in 1929, as a metal spinning company, the company has expanded to include metal stamping and deep drawing, and pressing. “We serve the aerospace, plastics, machinery, car wash, lighting, water purification, railroad, automotive, distillation, nuclear and other industries.
“We also make a series of standardized conical hoppers and stainless steel cigar ashtrays mounted on wooden bases,” Fankhauser said. He explained that both of the products are marketed on the internet.