LINAK buys over 150,000-square-foot building to expand East End campus
LINAK U.S. Inc has acquired a new building to grow its operations in East Louisville.
The company manufactures electric linear actuation solutions for a variety of different sectors, from health care to agriculture. It recently purchased a 159,318-square-foot building at 2300 Stanley Gault Parkway in the Eastpoint Business Center, next to its North and South American corporate headquarters.
LINAK purchased the building for $16.2 million, according to the deed. A news release said the new building is located on 11.2 acres, and it will add to the company’s existing 29-acre campus.
In an email, Justin Ellis, senior marketing manager at LINAK U.S. Inc, said plans for the new building have not been finalized, but it will allow for more centralized distribution, the expansion of the company’s U.S. research and development lab and testing center, and the addition of advanced production technology and automated processes.
“All these advancements will help improve efficiency and agility for customers, increasing capacity and throughput and better serving the industries LINAK supports,” Ellis said.
Based in Demark, LINAK is one of Louisville’s largest manufacturing firms with 334 employees. Ellis said LINAK plans to renovate the building over the next several months, which will include updates to the office areas and overall building, before bringing employees and new production units into the space.
The decision behind the expansion was driven by demand.
“Market demand continues to grow for our products and solutions in North and South America,” Magnus Conradsen, president of LINAK U.S., said in an email. “We have been looking at many options on how and where we could expand to best serve our customers. The opportunity with the building right next door plays a major role in helping us reach our goals, while also allowing us to support the community that has been our home for almost 30 years.”
The company has been in the Eastpoint Business Center for 29 years, Ellis said. This is the third building on its property, adding to its existing 200,000 square feet across two buildings on the campus. The expansion will allow it to produce more products in the U.S.