News & Press
Defense Contractor Loc Performance Products to Create 250 New Jobs in Auglaize County
Expansion Increases Capacity to Design and Manufacture Drivetrain and Suspension Systems
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/
Type of Project: Acquisition
- 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.
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.
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.
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