Relocating New Jersey operations to Bradenton area facility to bring jobs, capital investment
BRADENTON – Safran, through its subsidiary Labinal Power Systems, is expanding its current facility and workforce in Manatee County to support the aerospace industry’s move toward more electric aircraft, according to Sharon Hillstrom, president and chief executive officer of the Bradenton Area Economic Development Corp.
This expansion will include the relocation of the Aerosource operations from Somerset, New Jersey to South Manatee County in the course of 2016. Aerosource was acquired by Safran in 2011 and is a world leader in maintenance, repair and overhaul service for airborne electrical equipment.
The move will add new jobs in the next five years and include substantial building improvements and a new, high-level information system. It will also include major employee training programs and enhanced security, according to Safran executives.
“This expansion of Safran’s presence in the Bradenton area not only will bring additional high-impact jobs and capital investment; it also demonstrates that Manatee County is becoming a hub for the aerospace industry, one of the targeted sectors in the EDC’s new strategic plan,” Hillstrom said. The EDC helped the company navigate the sources and terms of state and county economic development incentives and workforce development assistance.
Labinal Power Systems is a manufacturing partner serving multiple aircraft manufacturers. The company is No. 1 worldwide in wiring solutions and No. 2 worldwide in electrical power generation. Labinal Power Systems entered Manatee County in 2014 when it purchased Eaton Corp.’s 125,000-square-foot facility on Whitfield Avenue.
According to Denis Schaffer, Labinal Power Systems operations director, co-locating Aerosource’s operations near the center of aerospace after-market activities (MRO: maintenance, repair and overhaul) will enhance the company’s marketing capabilities for new business while significantly reducing costs. It will also allow Labinal Power Systems, a global leader in aeronautical power and electric systems to provide innovative, custom solutions for clients.
“We would like to thank the State of Florida, Manatee County Government and the Bradenton Area EDC for helping Safran achieve its objective. This expansion is fully dedicated to supporting our military and commercial customers with our proven power distribution solutions, created in first-class manufacturing facilities,” said Denis Schaeffer, Labinal Power Systems Operations Director.
The Manatee County facility is one of several U.S. plants creating a Safran aerospace hub in the Southeast United States. This expansion is the next step in Safran’s plan to strengthen its business and customer relationships by optimizing its U.S. footprint.
Governor Scott said, “I am excited to announce the creation of 84 new jobs thanks to Labinal Power System’s expansion, and look forward to welcoming their Aerosource operations to Florida from New Jersey. We want Florida to be the number one place for job creators to succeed so more opportunities can be available for our families.
By creating the new $250 million dedicated Florida Enterprise Fund and cutting $1 billion in taxes this year, we will be able to make Florida first for jobs.”
“Safran has grown its presence in Florida over the years via its five businesses and joint ventures, and currently employs approximately 500 people at locations across the state,” said Peter Lengyel, president and chief executive officer of Safran USA. “Our Florida-based companies are dedicated to manufacturing and MRO activities for aircraft equipment and systems.”
“This continued expansion demonstrates our long-term commitment to the U.S. Through partnerships, organic growth, and investment of nearly $2.8 billion in the U.S. over the past few years in acquisitions and new facilities, Safran has more than doubled our number of employees and acquired new technologies and capabilities to support our long-term strategy. As we approach nearly half a century of presence here, we will continue to create jobs and bring cutting-edge technologies to our U.S. customers,” Lengyel added.
The expansion at Labinal Power Systems qualified for $1.2 million in performance-based economic development incentives from the State of Florida and Manatee County Government. The Manatee Board of County Commissioners approved $282,490 in local support based on the creation of 84 new high-impact jobs over the next five years.
“The Manatee County Board of Commissioners is excited to welcome this expansion of a global company in an industry such as aerospace, which is growing and that generates high-wage jobs,” said Ed Hunzeker, Manatee County administrator. “By judiciously applying economic development investments, the Board of County Commissioners is helping to foster a more diverse economy to support a desirable quality of life for county residents.”
Manatee County offers several incentives to businesses wishing to relocate or expand in the community. A list of Manatee County’s economic development incentives is available at www.mymanatee.org/econ_dev.
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The Bradenton Area Economic Development Corp. (EDC) is the lead economic development organization for the Bradenton area’s nine communities located on the south side of Tampa Bay. The EDC works to diversify the local economy by attracting and retaining high-wage jobs for area residents, and connecting existing businesses to the resources they need to succeed. Information: ThinkBradentonArea.com.
Labinal Power Systems groups all of Safran’s electrical power system businesses for the aviation market, encompassing aircraft electrical systems (generation, distribution, conversion, wiring, load management, ventilation, systems integration and support services), along with engineering services for the aerospace, auto and rail sectors. With 14,200 employees in twelve different countries, Labinal Power Systems is a world leader OEM which is at the heart of the strategy and the research on the more electric aircraft. Information: www.labinal-power.com.
Safran USA, Inc, is a wholly-owned subsidiary of Safran, a global leader in aerospace, defense and security. The group’s U.S. industrial footprint comprises 31 companies and joint ventures, which bring together the resources of nearly 7,000 employees across 58 locations in 22 states. Information: www.safran-usa.com.
Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 69000 employees and generated sales of $20.4 billion in 2014*. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of $2.6 billion in 2014. Information: www.safran-group.com.