Here’s What’s Cooking
Another advanced manufacturing success story in the Nashville area is Pennant Companies, which is building an $8.6 million, 60,000-square-foot metal stamping plant in Lebanon. Groundbreaking for the facility took place in mid-2017 and it opened for production in March 2018.
Pennant Companies, formerly called Pennant Moldings, has named its new plant Pennant Companies Lebanon, where 60 new jobs will be created over the next five years.
“We started in 1969 as Pennant Moldings and made our niche in a market that serves oven and cook-top appliance customers. Our current ownership purchased the company in 1992,” says David Urekew, plant general manager at Pennant Companies Lebanon. “We looked at a lot of cities to locate our new stamping plant, and Lebanon and Wilson County offers a good job hiring pool as well as good chamber people and economic development officials. It’s a perfect fit for us.”
Urekew says the Lebanon plant will produce parts for the company’s appliance customers in the Carolinas, Louisville, Tulsa, Memphis and Springfield, Tenn. Pennant’s primary customers are Electrolux, General Electric and Whirlpool. Components the company produces include everything from small electrical parts to large decorative stainless steel doors.
The 60,000-square-foot stamping facility can also expand by another 37,000 square feet if the need arises, Urekew says. “This Lebanon site will become a very profitable branch of Pennant Companies,” he says.
Urekew points out that Pennant’s overall portfolio also includes serving automotive and heavy truck industry plants in Ohio, so parts for those Ohio facilities can eventually be produced in Lebanon as well.
“We will always serve our oven and cook-top appliance customers to the best of our ability, but we look to also penetrate the auto market from here as we move forward,” he says. “Our Lebanon plant is equipped with five massive presses that each weigh hundreds of tons, so we are ready to produce many parts and eventually expand our operations here in the Nashville region.”