Tennessee Economic and Community Development Commissioner Bill Hagerty, along with Novamet Specialty Products Corporation officials, have announced the company’s plans to locate its headquarters, primary office and manufacturing facility to Lebanon, Wilson County (TN), USA. The company’s relocation represents an investment of $8.6 million and will create 43 new jobs over the next four years.
With operations currently in Wyckoff, New Jersey, Novamet will relocate its headquarters, primary office and manufacturing facility to Lebanon. The company has purchased a former Toshiba manufacturing facility in the Lebanon Industrial Center. The facility is located on 97 acres of land and is approximately 500,000 ft3. Novamet will have 350,000 ft3 available for further development.
Novamet produces more than sixty different products including tightly-sized powders, metallic flakes for paints and electronic applications, coated materials and specialty oxides for industries throughout the world. With distribution centres in North America, Asia, Europe and Australia, the company specialises in custom designed products for a myriad of applications.
Novamet’s highly refined materials are used in the production of fuel cells, catalytic converters for engines, batteries for hybrid and electric vehicles, electronic insulating materials for cell phones and cell towers, as well as in various other applications requiring the specific morphological and/or chemical properties sought by highly advanced manufacturers.
Novamet CEO Jeff Peterson stated, “The people of Novamet are excited about relocating to Tennessee and being a part of the thriving, yet comfortable, community in Lebanon and participating in the bright future we believe lies in store for it. We are proud to bring a number of highly skilled workers from New Jersey and jump start our transition here in this wonderful community. We are grateful to the leaders here in Lebanon, Wilson County and the state of Tennessee for facilitating our transition in multiple ways.”