Italian manufacturer to build new assembly plant in Gwinnett

(GWINNETT- METRO ATLANTA) June 28, 2012—OLI, a subsidiary of WAMGROUP, joined with Partnership Gwinnett, Gwinnett Chamber Economic Development and local community and business leaders to celebrate the grand opening of its expanded operations in Gwinnett County this afternoon. The project will involve the establishment of a new assembly operation and investment in state-of-the-art assembling and testing equipment as the Gwinnett-based facility shifts its focus to include both assembly and distribution. The assembly operation will be located at OLI’s current facility, 4070 Buford Highway, Suite 5 in Duluth, the company’s North American home since 2008. The expansion is expected to create 14 jobs over the next three years and represents a total planned investment of $1.2 million.

“This new assembly operation is vital in creating increased flexibility, matching our market’s demands, and providing immediate availability of our products to our customers,” stated OLI North America President Gianni Varini. “By expanding our plant in Gwinnett, we are able to stand by our company motto of making our products available ‘When you need it, Where you need it.’”

OLI is responsible for engineering, manufacturing, and supplying high-performance electric and pneumatic industrial vibratory motors and flow aids for use in machines in the food, construction, foundry, and plastics handling processes. OLI belongs to the WAMGROUP, a global corporation headquartered in Italy and employer of 2,300 worldwide. This expansion represents the first phase of OLI’s vision to increase its workforce and efficiency of service, flexibility and delivery time over the next five years. The company plans to add both headcount and additional capabilities to its Gwinnett presence in coming phases.

“OLI’s calculated decision to expand its only North American facility in Gwinnett to better serve this large market area speaks to the county’s strong business environment,” said Gwinnett County Commission Chairman Charlotte Nash. “We are pleased to celebrate the continued growth of this global company in our community.”

The expansion of OLI supports the ongoing economic development efforts of Partnership Gwinnett, a globally recognized, internationally award-winning initiative led by the Gwinnett Chamber and a host of public and private partners. The initiative targets the retention and expansion of existing Gwinnett businesses, while also seeking to develop new business in key industries. Now in its second five-year strategy implementation, Partnership Gwinnett’s ultimate goal is to promote jobs and wealth creation, support education and workforce excellence, and improve the quality of life for the Gwinnett community.

“This project is another great example of our strong partnership with the Georgia Department of Economic Development’s Foreign Direct Investment Team, who brought OLI to metro Atlanta, and the Existing Industry Team, who have worked with us in the expansion phase. We are honored that this global company has chosen to remain and expand its operations in Gwinnett County,” said Troels Adrian, Advanced Manufacturing & Supply Chain Project Manager, Gwinnett Chamber Economic Development. “OLI is yet another expansion in our already strong material handling and food processing equipment industry, and we look forward to assisting them with their growth in the future.”

A global manufacturer, OLI is the largest company and boasts the widest, completely owned distribution network in the industry. Headquartered in Modena, Italy, the OLI Group operates 36 offices and warehouses worldwide and anticipates the opening of two more divisions by the end of 2012.

For more information on OLI, please visit olivibrator.com. To learn more about the local economic development efforts of Partnership Gwinnett, please visit partnershipgwinnett.com.