Aluma Announces Expansion Plans

The City of Bancroft and Kossuth County Economic Development Corporation would like to announce the 2nd phase expansion of Aluma Limited. Aluma Limited is located in the Bancroft Industrial Park. Aluma Limited makes Aluminum Utility Trailers, Enclosed Trailers, ATV Trailers, Truck Bed Trailers, and Motorcycle Trailers, along with picnic tables. This next expansion will allow their potential to grow their product lines even greater on the East and west Coast.

Aluma Ltd. is expected to move dirt in the next 6-8 weeks and hope to complete this 2nd phase expansion of their project, 24,000 sq ft. building, by March 2005 and will add about 40-50 new jobs. This project is a good example when the city, county and business come together to be partners for the future growth of their business, which will have sizable impact on Kossuth County, in particular the city of Bancroft. Other partners who provided financial or technical assistance were USDA, Iowa Lakes Community College and North Iowa Area Council of Government (NIACOG). Maureen Elbert, Executive Director of KCEDC said, “Aluma has potential to be one of Kossuth County’s top ten companies, if all of the projected growth continues to happen. We are very excited and pleased with all partners who came to the table to make this a doable expansion.”

President of Aluma, Mike Lloyd noted, “Aluma is very excited about continuing the next phase of our expansion. We have been fortunate to experience the growth we’ve had over the last 3-4 years. We are very thankful to the city of Bancroft and Maureen Elbert for all of their efforts in making us able to continue to grow our business.”

Mayor of Bancroft, Jan Wolf stated, “Aluma has been a great asset to our community and with the continued help and support from our community, Mike Lloyd and Maureen Elbert with KCEDC, we hope to continue to grow in the future. Thanks Aluma and KCEDC, for making Bancroft “home” of Aluma trailers!”

For further information, please contact KCEDC at (515) 295-7979 or the City of Bancroft at (515) 885-2382.