Tennessee and Chattanooga officials applauded the announcement by Rudiger Schaff,CEO of German-based SIAG Schaaf Industrie Aktiengesellschaft, that his company has acquired Aerisyn, a manufacturer of wind turbine towers which is located in Chattanooga.  In addition to acquiring the Aerisyn facility, SIAG Schaaf is investing $3 million and plans to create 120 new jobs.

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Chattem, Inc., a leading marketer and manufacturer of branded consumer products, has announced plans for an expansion that will represent an investment of $35.5 million in real and personal property and will create up to 70  new jobs.

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Columbus McKinnon Corporation, a leading designer, manufacturer, and marketer of material handling products, has announced plans to invest $5.5 million to expand its Chattanooga specialty forging and assembly operations (also known as Dixie Industries).  Over the next three years, the company plans that approximately 120 jobs will be added to the current employment level, doubling the number of Dixie Industries employees in Chattanooga.

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Think of textile manufacturing in the South and you may picture cotton mills in North Carolina.  In Chattanooga, Tennessee, the industry includes something very different:  ESpin Technologies, a 19-employee outfit that makes nanofibers–filaments of polyester, nylon or other polymers that are only 20 to 200 nanometers wide.   To perfect the design of a filter, ESpin got computational engineers at the Sim-Center at the University of Tennessee at Chattanooga to model thousands of air-and liquid-flow variables.

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Volkswagen announced that construction is set to begin on the paint facility for its Chattanooga plant.  The company also announced that Walbridge has been selected as the general contractor for the $30 million facility, and will oversee construction for one of the three primary plant buildings.  This $30 million is the first major portion of the company’s $1 billion investment in the new plant.

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A change of address can bring instant gratification.  You could wake up tomorrow in Missoula and kayak off your own deck at dawn, sneak in singletrack at lunch in Chattanooga–or choose your own adventure in any one of the country’s best base camps.

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Herman Walldorf & Co., Inc. Commercial Realtors announces the sale of the former Metals USA site for $3.7 million to Westinghouse.  Benjamin Pitts and Virginia Brockman, CCIM, from Herman Walldorf & Co., Inc. represented Metals USA.  The 11-acre site with a 64,000 square foot facility in the Centre South Riverport/Industrial Park will house Westinghouse Nuclear Services.  The total project cost is $9.45 million.  In a related story, Westinghouse Nuclear Services will create 52 new high-value jobs for nuclear engineers and technicians.

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In the time of smaller business inventment nationwide, Tennessee is leading the country in landing the biggest business deals.

Among the 10 biggest business announcements in North America last year, two were in Tennessee, according to the annual report of such deals by Site Selection magazine.

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A 20-year old concrete plant at the prominent intersection of Battlefield Parkway and Dietz Road has been purchased by DPGI, LLC.  The six-acre site sold for $2.5 million.  Concurrently with the acquisition, M & M Development Company of Knoxville purchased a site of 1.4 acres at the intersection to construct the second Walgreen’s in Ft. Oglethorpe.

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A new FedEx Freight facility nearly double the size of its existing Chattanooga site is planned for a Shallowford Road project. The 19-acre site was sold by agents of Herman Walldorf & Co., Inc. for $2.5 million. The project, estimated at between $5 million and $10 million, will position the company to grow its freight business and work force in the city, said Dennis Beal, FedEx Freight’s vice president of physical assets.

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