State of Missouri

06/17/2024 | Press release | Distributed by Public on 06/18/2024 08:14

Elite Tool and Swafford-Kientzy Machine & Fabrication announce expansions in Linc…

Elite Tool and Swafford-Kientzy Machine & Fabrication (SKMF) announced today that they will both expand in Lincoln County, investing a combined total of more than $30.25 million and creating a total of 36 new jobs.

"We're proud to see businesses like Elite Tool and Swafford-Kientzy Machine & Fabrication growing in our state," said Governor Mike Parson. "Expansions like these highlight the value of Missouri's skilled workforce, superior infrastructure, and ideal business climate. We look forward to the continued success of both companies as they invest and create new jobs in Lincoln County."

Elite Tool, a lean contract manufacturer offering quality manufacturing solutions, will expand at a new location in Moscow Mills, investing $30 million and creating 32 new jobs. The new 120,000-square-foot, state-of-the-art facility will increase the company's efficiency and ability to keep up with customer needs. Elite Tool takes pride in community involvement that includes working closely with local high schools and Ranken Technical College. The company is dedicated to helping educate youth about the importance and need for skilled trade jobs.

"We are truly blessed with the abundant opportunities that continue to flow through our doors," said Frank Roth IV, Owner of Elite Tool. "These opportunities, whether it be new customers, projects or skilled employees, afford us the ability to continue to invest in Elite Tool and our local community."

Swafford-Kientzy Machine & Fabrication (SKMF), an industry leader in machining and custom metal fabrication, will expand in Troy and increase its workforce by 25%. Increased demand for the company's custom metal work created a need for its expansion and new equipment. Operating with more than 20 years' experience in the machine and fabrication industry, Swafford-Kientzy Machine & Fabrication (SKMF) offers a variety of products and services to meet customers' metal needs. The company proudly works with local companies, supports the local schools and FFA programs.

"Words cannot express how grateful we are for the continued growth the company has made over the last 7 years," said Lori Swafford, Co-Owner of Swafford-Kientzy Machine & Fabrication. "We would not be where we are today without our amazing customers, vendors, and dedicated employees. With our expansion, Swafford-Kientzy Machine & Fabrication anticipates continued growth opportunities to help benefit the local and surrounding areas which will allow for further investment into Lincoln County."

"It's exciting to support Elite Tool and Swafford-Kientzy Machine & Fabrication as they expand and create new opportunities in Lincoln County," said Michelle Hataway, Director of the Department of Economic Development. "These expansions are further proof of how our state's economic advantages and collaboration with our partners are helping Missourians prosper."

For their expansions, Elite Tool and Swafford-Kientzy Machine & Fabrication (SKMF) will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.

What others are saying

"The Lincoln County Economic Development Office is always excited when one of our current companies is expanding, especially from those who have already invested so much into the community," said Julie Rodgers, Executive Director of the Lincoln County Economic Development Office. "We are very proud to have both of these companies in Lincoln County and very honored to be working side by side with them as they grow."

About Elite Tool

Elite Tool is a manufacturer serving aerospace, commercial, and government and defense industry applications since 1992. The company's team is dedicated to ensuring quality products and services at competitive prices that meet or exceed customer expectations. Elite Tool has specifically designed its building to provide customers with a single point-of-contact and accountability to simplify process management.

To learn more about Elite Tool, visit elite-tool.com.

About Swafford-Kientzy Machine and Fabrication

Swafford-Kientzy Machine & Fabrication (SKMF) is a family owned and operated job-shop ready to assist. Offering exceptional quality is the foundation of Swafford-Kientzy Machine & Fabrication (SKMF) and used as a driving force behind all decisions to ensure quality materials and customer service.

To learn more about Swafford-Kientzy Machine & Fabrication (SKMF), visit swaffordkientzymachinefabrication.com.

About the Missouri Department of Economic Development

The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri's businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.

For the latest updates on DED's current or future programs and initiatives, visit DED's website.

About the Missouri Works Program

As the state's number one incentive tool for expansion and retention, the Missouri Works Program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri.