AKRON—APV Engineered Coatings has reached a deal with the city of Akron that will allow the coatings and paint maker to expand its Akron facilities and add up to 40 new full-time jobs.
Akron City Council members passed a plan June 22 that will sell 4.5 acres of city-owned land along Firestone Parkway to AVP Engineered Coatings. APV, which was founded in 1878 as Akron Paint and Varnish, will pay $25,000 per acre for the land.
The two parcels are part of the Firestone North Urban Renewal Area Renewal Plan, according to a city news release. The city acquired one of the parcels from Bridgestone Corp. after the tire company built its new technical center. APV will renovate an existing 30,000-sq.-ft. warehouse that also will function as a testing facility for the company. APV also will build a new warehouse of about 32,000 square feet, the release stated.
APV employs about 100 people. After the expansion, the company will hire 10 full-time employees in the first year. Overall, it intends to add 30 to 40 full-time employees in the first three years after the expansion.
APV's product range includes adhesives, coatings and inks, industrial crayons, dyes and decals. Its materials are used in such applications as tire and rubber goods, plastic components, aerospace, automotive and building products.