Intellitronix Corp., a wholly-owned subsidiary of the U.S. Lighting Group, announced it will purchase a new manufacturing and warehousing facility in Ohio.
“We are delighted with the commercial property we are in the process of buying in Willoughby, Ohio. It gives Intellitronix the opportunity to upgrade its footprint to a larger facility in accordance with its expansion plans. We will no longer have to lease a building. With the anticipated purchase, we should see positive benefits to our bottom line and our shareholders,” said Paul Spivak, CEO of the U.S. Lighting Group.
The company’s multi-year strategic plan includes growing the business, increasing sales and entering into new markets with innovative products. To achieve these strategic goals, Intellitronix has plans to expand its production and warehouse operations, engineering and shipping departments and workforce. The facility will provide additional space needed to move forward on development projects. The commercial building has 24,000 square feet of manufacturing, warehouse and office space and sits on 2.29 acres of land.