MILWAUKEE, Wis. - Midwest Woodwork Inc., manufacturers of custom cabinetry, architectural woodwork and retail environments, says it is in first stage negotiations for an initial investment of $5.5 million by billionaire construction firm owner Nassef Sawiris.
The Waukesha, Wis., company also announced its plans to relocate, and will lease a new headquarters in Dallas, Texas. The new lease is expected to include a 100,000-square-foot state-of-the-art manufacturing facility, including cutting edge computer operated production machinery, according to Frankie Jordan, CEO.
"We are currently working with CBRE | Industrial Brokerage Services in Dallas, Texas in search for our new facility," says Jordan.
"We are also working with Stiles Machinery out of Grand Rapids, Mich., to assist us in designing our new plant. We will invest $1.5 million in fully automated machinery to help provide rapid turnaround times to meet the toughest schedules with the highest degree of accuracy and quality."
Jordan says Midwest Woodwork plans on pursuing high-end residential millwork, and large commercial millwork projects throughout the United States, with an emphasis on Texas, Las Vegas, and California. Midwest Woodwork currently produces millwork for every segment of the commercial market, including retail, hospitality, gaming, institutional, performing arts, religious facilities, corporate and specialty projects.
Nassef Sawiris, CEO of Orascom Construction Industries, has significant investments already in Texas and Iowa, including construction giant, The Weitz Company, a one billion dollar firm it acquired in 2012 through its OCI Construction Holding Limited subsidiary. A call to Weitz for comment on this report was not returned. The Weitz Company was selected in August 2015 as the design-builder for new student housing at Texas A&M University in College Station, Texas. The design/build construction portion of the $360 million project is $245 million. The largest student housing complex in the country to date, the Park West will accommodate 3,402 students in more than 1,300 units ranging from studios to four bedroom units in a variety of layouts throughout the campus
Orascom Construction Limited is a global engineering and construction contractor primarily focused on infrastructure, industrial and high-end commercial projects in the Middle East, North Africa, the United States, and the Pacific Rim. Ranked among the world’s top contractors, it was number 40 on ENR’s 2015 Top 250 International Contractors list in 2015. In addition, OC develops and invests in infrastructure opportunities, owns 50 percent of BESIX Group, and holds a construction materials and property management portfolio. Orascom Construction is listed both on the NASDAQ Dubai and the Egyptian stock exchanges, under the symbols OC and ORAS.