Atlas Copco Drilling Solutions (OMX:ATCO A, ATCO B), an international supplier of drilling equipment is relocating its distribution operations to Allen. The company has leased approximately 81,000 square feet of space for an international distribution center at 815 Enterprise in Allen’s Enterprise Business Park. Atlas Copco manufactures and distributes drilling equipment and consumables for the surface mining and construction markets, as well as waterwell, aggregate/quarry, oil and gas markets.
“This new location offers Atlas Copco excellent access to transportation routes, improving our efficiency and allowing our distribution center to support our customers in the Americas,” stated Ian Hale, Vice-President-Aftermarket for Atlas Copco. “With our plans to significantly increase our labor force over the next five years, this facility will accommodate our expansion.”
Atlas anticipates opening the new location in May with approximately 50 fulltime employees. The Allen Economic Development Corporation (AEDC) worked with the company to facilitate the expansion of their operations into Allen.
“Atlas Copco is an internationally recognized company that is well established in their field. Their move into this distribution space will add to the diversification of Allen’s industrial base,” stated Charisse Bodisch, AEDC Executive Director. “We look forward to working with them as they grow in our community.”
Atlas Copco, having been in business since 1871, has operations worldwide. Acquiring this division from Ingersoll Rand in 2004 added over 950 people worldwide. Currently, Drilling Solutions has manufacturing and distribution in Garland, TX; Roanoke VA; Yokohama, Japan; Xuanhua, China and Pune, India. They will maintain their Garland location.
Dan Spika, Henry S. Miller Commercial represented Atlas Copco and David Hicks, ProLogis, represented the building owner/landlord in the transaction.