Manufacturer in Longmont on growth path
Last Updated: 15:44 October 14, 2013
Centerline, which manufactures after-market fuel injection components for large diesel engines in the marine, rail and stationary power generation industries, has been at 1910 Pike for about 12 years, where it occupies 4,800 square feet. The company was founded in 1990.
"We can't keep up with demand," Centerline's owner Larry Haynes said Monday. "This building opens up a lot of doors for us."
Centerline purchased about 15,000 square feet of the nearly 19,000-square-foot building at 1830 Boston in February. R/X Automation Solutions Inc., which recently purchased a building on Sherman Street for its new headquarters, had much of Centerline's space under lease through this month.
The owners of Take Action Family Karate Inc., doing business as Scornavacco Martial Arts Academy, own the rest of the building. Shadow Ops Weaponry LLC, meanwhile, leases space from Centerline and will expand from about 3,500 square feet to nearly 6,400.
For Centerline, the company's experience with the recession was different than many businesses. Since 90 percent of its products are exported to other countries, Haynes said his business thrived and kept growing when the dollar crashed and made his products a value buy for foreign customers.
Haynes said Centerline will have revenue of a little more than $1 million this year, though he expects that number could grow exponentially in the next couple of years as the company looks at other product lines now that it has more space to work with.
For the most part, Centerline makes components for engines no smaller than those in locomotives. But Haynes said a side niche, the high-performance automotive realm for competition vehicles, has also been taking off.
Centerline, which has nine employees, will be adding two or three with the move to help keep up with the expansion.
"(The new building) is a great chance to take advantage of some of the opportunities at our disposal," Haynes said.
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