A metal finishing company is consolidating in Buffalo and hopes to add 10 jobs.
Keystone Corp. intends to vacate its 1095 Niagara St. building, where it has operated since 1928, and harness its forces at 2929 Main St. The company has used the Main Street building at a second site since 1990.
Keystone General Manager Leonard Breau said the company considered relocating outside of the county and sought a city loan to help make it feasible to remain in Buffalo.
He said the consolidation is part of a $990,700 project to move equipment and renovate the Main Street building. Keystone owns both buildings and will try to sell the one on Niagara Street, he said. The company employs 52 people, including 34 at its unionized KeyStone operation that has been at Niagara Street. Another 18 have worked for Keytech, a non-union shop that has used the Main Street quarters.
Breau said about 10 more workers will be hired. The shops do metal finishing work such as electroplating and anodizing.
The company received approval for a $125,000 loan Tuesday from the Buffalo Enterprise Development Corp.'s loan committee.
The committee also authorized a $50,000 loan to Seneca Industrial Associates, which operates a 1.2 million-square-foot, multitenant building at 701 Seneca St. The landlords previously received loans of $420,000 and $100,000 from city programs.