Wurth Adams Nut & Bolt is moving its headquarters to Brooklyn Park, Minnesota
, as part of a $27.5 million expansion that will create 20 jobs.
Wurth Adams, which distributes nuts, bolts and other types of fasteners to manufacturing customers worldwide, has been headquartered in Maple Grove since 1995. The company said it decided to move to the new site in Brooklyn Park because it needs more office and warehouse space. The company was founded in 1979 by Winston L. Adams and was later acquired by the Germany-based Wurth Group. Wurth Adams today has 14 locations in the United States and Mexico, including facilities in New Ulm and Windom.
As an incentive, the Minnesota Department of Employment and Economic Development
is partnering with Wurth Adams on the expansion, awarding the company $590,000 from the Minnesota Job Creation Fund
. The company must meet job creation goals and other performance measures in order to receive the funding.
"I thank Wurth Adams for this very important expansion, and for the new jobs it will create.” said Governor Mark Dayton
. “The investments by the Minnesota Job Creation Fund and the Corridors of Commerce have helped finance Wurth Adams' expansion and the urgently needed improvements to Hwy. 610."
“Wurth Adams has built a successful business model in the Twin Cities over the past 35 years,” said DEED Commissioner Katie Clark Sieben. “We’re pleased that the company has chosen to expand in Brooklyn Park, bringing new investment and jobs to the city and increasing the local tax base.”