Magnatag to expand operations in Macedon
High-tech manufacturer Magnatag is expanding its worldwide manufacturing operations in Wayne County. The custom white and magnetic board manufacturer will add machinery and other equipment at its facility in Macedon to better serve its clients, adding up to 16 new jobs;42 jobs will be retained.
“This expansion will dramatically improve the quality of our product, opening doors to new markets while providing greater value to our current customers. We are very grateful that New York State was willing to help us grow and keep our business here in the Finger Lakes Region,” said Christian Krapf, president of Magnatag.
Founded more than 54 years ago, Magnatag offers more than 2,300 ready-to-use white and magnetic board kits and other related products for all-purpose job and task-specific uses. The company’s global clients include factories, hospitals, schools, corporate offices and the military. Now underway, the first stage of a larger planned expansion, to be completed in the next three to four years.
“New York is committed to supporting the growth and success of innovative, high-tech manufacturers. The expansion of Magnatag’s Wayne County operations will allow this family-owned business to service more global clients, while creating top quality jobs that will help to fuel the Finger Lakes regional economy,” said Kevin Younis, chief operating officer and executive deputy commissioner of Empire State Development.
The company will receive up to $200,000 through the Excelsior Jobs Tax Credit Program. The Wayne County Industrial Development agency is also supporting the project.