Rosenboom Machine and Tool, Inc. Proposes $16 Million Dollar Expansion Plans in Sheldon, Iowa.

May 19, 2016

For Immediate Release

Executive Summary – Rosenboom Machine and Tool, Inc

Rosenboom Machine and Tool Inc. was established in 1974 and is a privately owned company with approximately 800 employees with three domestic manufacturing locations in Sheldon, Iowa (Corporate), Bowling Green, Ohio, and Spirit Lake, Iowa. Rosenboom designs and produces a variety of products including hydraulic cylinders, actuators, accumulators, and high-pressure gas springs. Rosenboom’s products support many heavy-duty applications across several industries including: Agriculture, Construction, Military, Material Handling, Refuse and Waste Handling, Utilities, Commercial, Transportation, and Mining.

The U.S. Army Tank-automotive and Armaments Command (TACOM) Life Cycle Management Command (LCMC) has awarded a production contract for the Joint Light Tactical Vehicle (JLTV). Rosenboom has production responsibility to supply two key components of the suspension system, a HPG Spring and a HPG Pump. In addition to the awarded contract, Rosenboom has identified a potential opportunity to vertically integrate the business through the creation of an in-house metal finishing operation that would chrome plate and finish steel tube and bar materials to feed the production requirements of its current manufacturing facilities. Traditionally, Rosenboom has purchased these inputs from various North American suppliers. 

  • The proposed project includes over $16 million dollars of total investment which includes a 46,000 square foot manufacturing production line in Sheldon.
  • This project is proposed to create up to 54 new jobs within 3 years, many of which will be high-quality jobs adding to their current employee base of 260. The average wage for these new jobs will be $40,800/year and the new annual payroll created after 24 months is estimated to be $1.8 million.
  • The City of Sheldon has awarded Rosenboom Machine and Tool, Inc. a full 5-year tax rebate based upon an estimated $2.5 million valuation of a 46,000 square foot expansion project. 
  • Rosenboom Machine and Tool, Inc. and the City of Sheldon are also working with Iowa Economic Development Authority for the consideration of additional assistance towards this project.

Lary Rosenboom 

“Rosenboom is excited about the possibility of constructing a new production facility here in Sheldon to facilitate and to support new business opportunities. Sheldon is where our business began over 40 years ago and this will be the 8th expansion of growth by Rosenboom in Sheldon. With the addition of this new facility, Rosenboom will be positioned to better meet our current requirements and support new growth in the future.” We appreciate the support of the Sheldon Community with the progress of community development and the incentives provided to businesses for the growth of our community.”

Curt Strouth (Community Development Director) 

“Congratulations to the Lary Rosenboom Family and the whole team at Rosenboom Machine and Tool, Inc. on the recent accomplishment of this exciting expansion project. Existing business and job growth is the heart of strong local economies and it is with great appreciation that we recognize your continued commitment and support to Sheldon and our ever-growing community.”

Scott Wynja (City Manager)

“The City of Sheldon is excited to have the opportunity to work with Rosenboom to help facilitate this expansion project in our community. With the growth not only of the facility, but also the creation of many new high-quality jobs will be a great addition to Sheldon. We appreciate the commitment Rosenboom has made in this community and look forward to the start and completion of this great project. Congratulations to the Rosenboom family and wish you great success as the project moves forward.” 

Mayor Katricia Meendering (City Mayor)

Congratulations to the Rosenboom family, staff, and employees! The new expansion is a reflection of your work ethic and quality. It is exciting to know this expansion will also create the need for more job opportunities. Thank you for your commitment to Sheldon where Families Come First!

Contact – Tom Eggers, Marketing Manager, Rosenboom Machine and Tool, Inc. -712-324-4854

Learn more about Rosenboom here.
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