Rimeco Products, Inc. to Invest $3.6 Million in Willoughby

Expansion to Bring 38 New Jobs to Facility

CLEVELAND, Ohio, October 29, 2018 – Rimeco Products, Inc., a precision CNC shop serving the aerospace, aviation and defense industries, has announced it is purchasing a new building in Willoughby to accommodate expanding operations. The company will invest $3.6 million and plans to add 38 new jobs and also retain 38 positions.

“Rimeco Products is excited to expand in Willoughby. We have been working with local area trade schools and community colleges to grow our talented workforce,” said Rimeco Products President John Ribic. “The expansion not only gives us the capacity to fill the current increase in our customers’ needs, but the room to continue to increase our capacity for years to come.”

The City of Willoughby, Lake County Ohio Port and Economic Development Authority, Greater Cleveland Partnership, Ohio Aerospace Institute, JobsOhio and Team NEO worked together to support Rimeco Products’ expansion.

“Northeast Ohio is home to some of the world’s most innovative companies, so we are delighted that Rimeco Products, innovators of world class processes to machine stainless steel and high nickel alloys with components in nearly every jet engine produced in the world, has chosen to expand in Willoughby,” said Bill Koehler, CEO of Team NEO. “This investment confirms Rimeco’s confidence in the people and resources of Lake County.”

“John Ribic has always been active in the Lake County community and we were happy to help him expand his business in Willoughby,” added Mark Rantala, executive director of the Lake County Ohio Port and Economic Development Authority. “This is a big win for both the city and county as we continue to help all of our companies grow here in Lake County, Ohio.”

About Rimeco Products, Inc.

Rimeco Products, Inc. is an AS9100 Certified, ITAR Registered manufacturer of CNC Machined components for the Aerospace and Defense Industries.  Rimeco is a family owned business that was started in 1992 and moved to Willoughby in 2003.  Growth over the last 25 years has been derived from a World Class Workforce focused on Teamwork and creating the most innovative CNC Machining processes on state of the art equipment.   Rimeco specializes in the machining of Tee Tubes, Elbows, Unions and Fittings from Stainless Steel and High Nickel Alloys used for air and fluid conveyance on aircraft and aircraft engines.

About Team NEO

Team NEO is a business development organization focused on creating jobs for Northeast Ohio’s residents. In collaboration with our partners, it leads the region’s business attraction efforts, supports business retention and expansion work as Northeast Ohio’s JobsOhio affiliate, accelerates the impact of innovation in the region, and aligns strategies and resources within the economic development network to maximize its impact.  In addition, Team NEO provides tools to assist employers in attracting talent to the region.

Team NEO is part of the Northeast Ohio Economic Development network, providing business decision-makers with access to customized solutions that accelerate growth, foster innovation and mitigate risk through a connected and collaborative ecosystem.

About JobsOhio

JobsOhio is a private, nonprofit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion efforts. JobsOhio works with six regional partners across Ohio: Appalachian Partnership for Economic Growth, Columbus 2020, Dayton Development Coalition, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at jobs-ohio.com. Follow us on LinkedIn, Twitter and Facebook.