PRESS / MASSDEVELOPMENT TAX-EXEMPT BOND HELPS
SALEM METAL MOVE INTO NEW MANUFACTURING FACILITY

MassDevelopment has issued a tax-exempt bond to J&V Realty Trust, a related entity of manufacturer Salem Metal, Inc., which will use bond proceeds to purchase an 88,400-square-foot industrial building under construction at 177 North Main Street in Middleton. Salem Metal, Inc., which currently operates at nearby 21 Lonergan Road, will move into the new facility and use about 70,000 square feet for its manufacturing activities. J&V Realty Trust will likely lease the remaining 18,400 square feet to a third party. TD Bank purchased the bond.

Salem Metal Family.

Over the past forty-plus years, Salem Metal and its family-run team of precision craftsmen have manufactured first-rate products for their clients and built a reputation for steadfast, quality customer service,” said MassDevelopment President and CEO Lauren Liss. “MassDevelopment is proud to leverage tax-exempt bond financing to help this manufacturer continue to grow in Massachusetts

Established in 1970

Salem Metal, Inc. is a family-run manufacturing shop that specializes in the fabrication of precision sheet metal and machined components. Salem Metal serves a wide variety of industries, including medical device, electronics, solar, architecture, robotics, additive manufacturing, and military. The company’s team of 65 precision craftsmen works with multiple raw materials like aluminum, steel, stainless steel, copper, and several specialty alloys. Salem Metal is continuously investing in new equipment and technology to better respond to customers’ requests and maintain high-quality products. The company’s new facility at 177 North Main Street will feature custom fabrication including laser cutting, punching, machining, forming, welding, painting, silk screening, and value-added assembly services.

Pleasure working with MassDevelopment

It was a pleasure working with MassDevelopment in securing a tax-exempt bond to help finance our new state-of-the-art facility,” said Salem Metal, Inc. President Jason Vining. “We look forward to Salem Metal’s continued growth and success in the years ahead and appreciate the state’s efforts in supporting small business.

The State’s Finance & Development Agency

MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2018, MassDevelopment financed or managed 384 projects generating investment of more than $4.1 billion in the Massachusetts economy. These projects are estimated to create or support 10,994 jobs and build or rehabilitate 830 housing units.

Salem Metal has the experience & knowledge to
make your next project a success.
QUALITY PRODUCTS / ON TIME DELIVERY / FAIR PRICING

About Us

Salem Metal, Inc. is a full-service family run shop specializing in panels, brackets, enclosures, and sub-assemblies. Our modern facility is equipped to handle everything from precision sheet-metal fabrication, sophisticated CNC machining to spray painting. Our highly experienced team is ready to respond to your questions or needs. Your Vision. Our Precision. ™

Address

Salem Metal, Inc.
177 North Main Street
Building 200 – Unit #201
Middleton, MA 01949

Contact Us

Tel: 978.774.2100
Fax: 978.777.4597
Email: [email protected]