Innovest Global Expands Bedford, Ohio Operations-Distribution Center
05/16/2019
According to company officials, the firm will relocate into a Former Walmart Super Center to Centralize manufacturing and expand warehousing. The location will provide financial and operational efficiencies, as well as expand manufacturing capacity.
The company plans to manufacture at one location instead of transporting work-in-process between locations, as it doubles space and more than triples production capacity all under one roof.
Currently, Innovest manufactures curtainwalls at two separate facilities a quarter-mile apart on Grant Avenue in Cleveland.
“We’re taking advantage of a great opportunity to make our industrial operations efficient and scalable. Costs for this one facility, which is close to all major freeways and more than doubles the size of our current operation, are only slightly more than our two current locations, and bring many strategic efficiencies,” said Dan Martin, Innovests founder, Chairman, and CEO.
“Our focus in 2019 is doing all of the little things to make sure the business will scale well and provide meaningful returns to shareholders in 2020 and beyond,” he added.
The Bedford lease is pending final zoning approval which we expect to receive in advance of our new center opening in late summer.
Innovest Global, Inc. has operations in industrials (commercial and industrial products and services, energy, construction, and building materials ) and investments in biotechnology. According to company officials, “our primary growth strategy is to acquire existing companies in a select few industries and attract new customers in cost effective ways. Currently, Innovest Global Inc has a Commercial & Industrial Division, a Biotechnology & Health Services Division, and a Construction & Building Materials Division.”
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