Ambrell to move to Lyell Avenue

Ambrell to move to Lyell Avenue

ambrellAmbrell Corp. plans to move its Scottsville plant to a larger facility on Lyell Avenue, with help from Empire State Development.

ESD will support the expansion project with up to $700,000 through a capital grant and the Excelsior Tax Credit initiative, in exchange for job creation commitments. Ambrell, formerly Ameritherm Inc., expects to create nine jobs and retain 65 as a result of the move. The project is expected to be completed by April of this year.

“We greatly appreciate the assistance being provided by the State of New York Empire State Development,” Ambrell President Tony Mazzullo said in a news release. “Their support was a difference-maker when we considered all of our options for a new manufacturing facility. The costs associated with this move are substantial for a manufacturing company and global exporter like Ambrell.”

Ambrell is an induction heating manufacturer that was founded as Ameritherm in 1986. Last year the company was acquired by inTEST Corp., a New Jersey-based manufacturer of engineered solutions for automatic test equipment and other electronic test, as well as industrial process applications.

“Monroe County has worked with Ambrell to support the company’s success here and we appreciate their continued commitment to doing business and growing jobs in our community,” Monroe County Executive Cheryl Dinolfo said in a statement. “I thank Ambrell for investing in this significant expansion that will create jobs, strengthen our economy and help to show Monroe County is open for business.”

ESD’s Global NY Division also is assisting Ambrell expand its international presence. By participating in the State Trade Expansion Program, administered by Global NY and financed in part by grant funding through the U.S. Small Business Administration, Ambrell will attend the upcoming FABTEC Canada trade show in Toronto in June.

According to a document filed with the Securities and Exchange Commission, Ambrell has leased the Lyell Avenue facility to replace its current facility in Scottsville, where the existing extension of its current lease is due to expire on April 30. Under the new lease agreement, base rent payments are $16,490 per month for years one through three, $17,215 per month for years four through six, $18,270 per month for years seven and eight and $18,996 per month for years nine and 10.

Ambrell will be doing renovations to the leased space, the SEC document shows, estimated to be between $1.5 million and $2.0 million.

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