Defense Contractor Loc Performance Products to Create 250 New Jobs in Auglaize County

Company Name: Loc Performance Products, LLC

Location: St. Marys

Site Region: Western

Industry Sector: Advanced Manufacturing

Company Profile: Loc Performance Products designs, develops, and manufactures CNC machined components and assemblies for drivetrain and suspension systems used in defense, heavy truck, and heavy equipment industries.

Company Website: http://www.locperformance.com/

Project Summary:

Type of Project: Acquisition

Jobs:

• Jobs committed: 250
• Jobs retained: 450

Capital Investment: $40,000,000

Timetable: In December 2021, Loc Performance finalized the acquisition of Continental’s St. Marys, Ohio facility, bringing it under U.S. ownership.

Company Need:

Demand for Loc’s products led the company to search for new space to increase production. The acquisition of the St. Mary’s site brought a talented workforce and a facility that included room for expansion.

Why Ohio?

Ohio is home to an array of federal & military installations supporting over 380,000 jobs and delivering nearly $40 Billion in gross regional product. Surrounding those installations is an industrial base that represents $69 billion in total economic activity, accounting for nearly 6% of the state’s economy.  

Ohio offered Loc Performance Products workforce expertise, a strategic location, and an operation that was already a Department of Defense contractor. The purchase of the 800,000+ square-foot facility in St. Marys allowed Loc Performance to expand its manufacturing capabilities by integrating rubber application processes in-house and increasing its market share in the agriculture commercial business and military track markets. Loc Performance is a prime defense contractor with the United States Army. This project allows Loc Performance to continue to support its military customers and expand its in-house abilities.

Collaborators:

JobsOhio, Ohio Department of Development, DDC, City of St. Mary’s