BEECH BOTTOM - The Business Development Corp. of the Northern Panhandle has announced another business has come to the former Wheeling Corrugating Plant.
BDC Executive Director Pat Ford said officials with L&M Logistics Inc. of McDonald, Pa., acted swiftly after learning about space available at the former steel mill, moving many of its vehicles to the site late last week after making a deposit on a 12-month lease.
The company, which provides escorts to large trucks serving the oil and natural gas industry, will occupy the trailer at the plant's south end and 2 acres, operating a dispatch center from the site, Ford said.
NEW BUSINESS — L&M Logistics Inc. of McDonald, Pa., recently moved into the south end of the Wheeling Corrugating Plant site, bringing with it 28 trucks it uses to provide escorts to large trucks serving the natural gas industry. The company is the fifth to move into the former steel mill through the efforts of the Business Development Corp. of the Northern Panhandle and Hackman Capital Partners. -- Contributed
He said L&M Logistics will bring five administrators and 30 drivers to the location while planning to hire another 30 drivers locally. Applications will be accepted at the trailer.
Ford said while the company's lease is for a year, it's expected to remain in Beech Bottom beyond that, as increased natural gas drilling in the area requires its services.
"They were attracted by the ample space at the plant, which has plenty of room to grow," he said.
L&M Logistics is the fifth business to move into the former steel mill, which was purchased in 2012 by Hackman Capital Partners of Los Angeles for $4.1 million and then sold to the BDC for $200,000.
An arrangement between the two involves Hackman retaining rights to the 480,000-square-foot building and equipment inside, the BDC owning the land at the 650-acre site and Hackman receiving a percentage of each lease or sale of property.
L&M Logistics will join four other businesses operating at the site. They are Jupiter Aluminum, a manufacturing firm that has reopened a paint line at the plant; Sheehan Pipeline and Kokosing Integrity Pipeline Services, both involved in the construction of natural gas pipelines in the region; and Profoam, a natural gas support company.
Ford said with the arrival of L&M Logistics, development at the former Wheeling Corrugating site has brought 733 full- and part-time jobs and about $13 million in investments to the facility.
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