Helfrich Brothers Boiler Works Expands Lawrence, Massachusetts, Operations
02/19/2024
The investment will include the purchase and renovation of a vacant 41,000-square-foot building, located next to the company’s existing headquarters. Operations are scheduled for the second quarter of 2024.
“We are very excited and proud to expand our manufacturing footprint in Lawrence,” said Vin Helfrich, President and CEO of Helfrich Brothers. “We greatly appreciate the partnership with the City of Lawrence, MassDevelopment, and Brookline Bank, who understand the importance of growing manufacturing in the Commonwealth. Helfrich Brothers values its 75-year history in Lawrence, and this financing will enable our company to continue investing in our employees and new, cutting-edge technologies that will benefit our customers for years to come.”
The project is being supported by a $6,320,000 tax-exempt bond, issued by MassDevelopment.
“Gateway Cities have long been centers of industry, and continue to serve as prime locations where manufacturers can locate and grow their business,” noted MassDevelopment President and CEO Dan Rivera. “Helfrich Brothers Boiler Works, Inc.’s expansion will bring dozens of new full-time manufacturing jobs to Lawrence, breathe life into a vacant property, and keep this company thriving in Massachusetts.”
Helfrich specializes in the engineering, fabrication, and installation of boiler components for utilities and renewable energy companies throughout the U.S. The company also specializes in the manufacturing of ASME pressure vessels for a variety of industries, including semiconductor, battery technology, vacuum heat treating, and aerospace.
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