Lexair Inc. plans to expand its existing operations in Lexington, Kentucky. The company, which manufactures machine tool products, commercial hydraulic and pneumatic control valves and a series of CO2 evacuation compressors and stainless valves for the U.S. Navy, will invest $8.5 million to expand its operational space by 35,000 square feet and create 14 new jobs. With this expansion, Lexair will have the ability to house manufacturing assets from Keystone, an Emerson brand, for the U.S. Navy markets.
In a recent quote, Lexair President Wes Allen said, “We are going back to our roots with this acquisition. We started as a defense contractor 45 years ago, and these products are very synergistic to our current operations. This expansion provides for the future viability of Lexair, benefiting its customers, employees and community for many years to come.”
Kentucky Governor Andy Beshear added, “Lexair has been a staple in Kentucky’s manufacturing industry for over four decades, and I am thrilled to see them continue to grow and believe in what Kentucky has to offer. I look forward to their continued success here in the commonwealth.”