Incentive package, nearby customers draws Canadian company here

LORDSTOWN

A local, state, public and private partnership has led to another investment here.

This time, it's an aluminum-billet company and metal recycling and processing business housed under one roof.

Today, company owners, state and local representatives cut the ribbon at The Giampaolo Group’s Matalco and Triple M Metal LP 225,000-square-foot, $100 million facility.

“This grand opening reflects the culmination of the financial investment, a lot of hard work from determined individuals who worked hard starting three years ago,” said Robert Roscetti, vice president of Matalco. “This is by far our largest investment.”

Exactly 10 years before cutting the ribbon to the newest Giampaolo Group company, the owners were opening the first Matalco location.

The Brampton, Ontario-based Giampaolo Group started to look at Northeast Ohio for expansion in 2013 and reached out to the Youngstown/Warren Regional Chamber.

The incentive package and proximity to eight or nine customers led to investment here.

Read more about this new business in Thursday's Vindicator or on Vindy.com.