Accumet Engineering, Inc., an advanced processing manufacturer, plans to consolidate and expand its existing operations with a 39,375-square-foot manufacturing facility in Devens, Massachusetts.

The company expects to begin construction on the new facility this month, with completion slated by August 2022.

“I am thrilled that my company will be able to expand further and thrive in Devens,” said Accumet Engineering, Inc. President and CEO Gregory Sexton. “I look forward to consolidating our two existing locations into one brand new facility which is being designed with growth in mind. I‘m incredibly grateful to MassDevelopment for all of their support financing our relocation to such a dynamic and thriving community such as Devens. The future is bright and I cannot wait to begin our next chapter, fully operational in our new Devens location.”

The project is being supported a $4,140,000 tax-exempt bond for the project, issued by MassDevelopment.

“Ensuring that Massachusetts remains a hub of manufacturing is key to our state’s economic recovery and prosperity,” said Housing and Economic Development Secretary Mike Kennealy, who serves as chair of MassDevelopment’s Board of Directors. “MassDevelopement’s low-cost financing helps manufacturers of all kinds secure the facilities and equipment they need to grow their business in the Commonwealth.”

Accumet is an industry-leading advanced processing manufacturer for new and legacy materials fabrication, precision laser services, lapping and polishing, and critical component assembly. For more than 50 years, it has been the pioneer of a variety of proven techniques for lapping, polishing, diamond sawing, laser drilling, cutting, marking, ablation, and welding.

“Devens is a growing community that prides itself on being an attractive place for world-class companies looking to locate and expand,” said MassDevelopment Executive Vice President Jessica Strunkin. “Accumet’s business will bring new jobs and opportunities to our region and we look forward to working with them in the years to come.”