Area Development
Pennant Moldings Inc., a metal stamping manufacturer, will invest $8.6 million to establish new a 60,000-square-foot operations center in Lebanon, Tennessee. The manufacturer will create approximately 60 new jobs over the next five years in Wilson County.

The company produces metal stamping, fabrications and roll formed parts, ranging from small electrical components to large decorative stainless steel doors.

“We spent several years looking for the perfect location to support Pennant Molding’s tremendous growth,” Mike Gaby, Pennant Moldings President & CEO, said.

“Some of the most important benchmarks in the search were an outstanding business climate, a skilled workforce and proximity to our markets. The state of Tennessee, Wilson County and the city of Lebanon definitively met our criteria. But most importantly, after spending time in the area and meeting with the people, Wilson County and the city of Lebanon immediately felt like home,” he added.

Pennant Moldings’ new facility will predominantly serve the automotive and appliance industry in the Southeast. Construction on the new plant is underway. Pennant Moldings anticipates the construction will be completed in the fourth quarter of 2017.

“Tennesseans have a long legacy of craftsmanship and manufacturing expertise,” Tennessee Department of Economic and Community Development Commissioner Bob Rolfe said. “We’re encouraged that another manufacturer, Pennant Moldings, has recognized the advantages Tennessee’s skilled workforce and overall business environment offer to companies that could operate anywhere in the world. I’d like to thank Pennant Moldings for its commitment to create new valuable job opportunities for Wilson County residents.”

John Bradley, TVA Senior Vice President of Economic Development, said, “TVA and Middle Tennessee Electric Membership Corporation are privileged to partner with the State of Tennessee, the Joint Economic and Community Development Board of Wilson County and the City of Lebanon to assist new job creation by companies like Pennant Moldings.”