PHILIPSBURG — The last remaining lot in the Moshannon Valley Regional Business Park was sold to Don Heaney of DFH Real Estate, LLC, according to a press release.
Heaney is also the owner of Advanced Powder Products, which sits next to the recently purchased 4.923-acre lot. The land will be used for the continued growth and expansion of APP, said Stan LaFuria, executive director of Moshannon Valley Economic Development Partnership, which sold the lot to Heaney.
“Don Heaney has done an excellent job of positioning Advanced Powder Products as one of the best metal injection molding companies in North America,” said LaFuria.
APP was established in 2000 and moved into a 5,000-square-foot lot in the business park in 2004. It is a manufacturer of mostly small, intricate, high-volume specialty alloyed components.
It has completed a total of five building projects at this location over the years, resulting in two buildings and 60,000 square feet under roof. The company currently employ 145 people and is looking to hire more.
“Years ago, (Heaney) requested and was approved for a right of first refusal to purchase Lot No. 11. If there were ever any other offers on that lot, MVEDP would need to contact Mr. Heaney first and give him an opportunity to purchase that land,” said LaFuria. “The MVEDP recently received two other offers for that lot, so Mr. Heaney was contacted, and he decided to move forward with the acquisition of that property.”
APP’s proprietary metal injection molding and 3D metal printing technologies enable the company to maximize design capability and part performance for their customers. As a testament to APP’s quality, reputation and growth, it has been named on the INC 5000 fastest growing companies in America list six times and has received two grand prize design excellence awards from the Metal Powders Industry Federation (MPIF). Advanced Powder Products mission is “To be America’s best and biggest metal injection molding company.”
The Moshannon Valley Regional Business Park was completed in 2001. LaFuria said soon after the park was created, a resident called it nothing but a “field of dreams.” There have been 16 land sales there and 40 acres have been sold since that statement. There are currently 14 businesses located in the business park and they employ just more than 500 people.
