Manufacturer plans facility here
Longmont’s Tanco Engineering builds, repairs oil storage tanks
By Christine SteeleThe Daily Reporter-Herald
A Longmont company has chosen Loveland over other area locations for a new manufacturing facility and corporate headquarters.Tanco Engineering Inc., which builds and repairs storage tanks for oil giants Shell, Exxon and others, on Wednesday bought 5 acres of industrial-zoned land between Boise and Madison avenues from Loveland Midtown Properties LLC for $637,719.
Access to the new industrial development, east of Madison Avenue and the now-closed Great Western Sugar Factory, will be from Boise Avenue.
The land now is a farm field bordered on the south by a railroad track and Eighth Street, and on the north by 11th Street.
Tanco vice president Paul LoBello said the company has expanded at its Longmont location several times since the early 1980s and has outgrown the space.
Company executives began shopping for land six months ago, he said, and looked at property in Longmont, Windsor and unincorporated Larimer County.
Representatives chose the Loveland site for its business convenience and quality of life for employees.
“We probably could have done it cheaper and been out in the county somewhere,” LoBello said, “but pretty much anything we need is right there,” he said of the location.
Most of the company’s 200 employees work in the field, LoBello said, but the availability of restaurants, jogging trails and other services for those who work in the company’s manufacturing facility and corporate office is a plus.
“We look for a quality of life for our employees.”
LoBello said access to the railroad would allow the company to bring materials in by train by installing a rail spur at the new facility, which will save money on transportation costs.
Most of the 25 jobs at the new location will be transfers from the Longmont site, but LoBello said he expects some attrition because of the move.
New employees will likely come from the Loveland market. As the company grows, LoBello said he expects to add jobs, particularly in manufacturing, where salaries range from $30,000 to $50,000.
“The oil companies are doing well, so we are doing well,” he said. “We have grown steadily over the last 10 years.”
Sales have tripled in volume during that time, LoBello said, and his staff has nearly tripled as well.
The company could hire up to 10 people for its manufacturing facility once it is completed, LoBello said.
Welders are almost always in demand to work in the field on oil storage tanks across the country.
The company works in 35 states, including Alaska and Hawaii.
The move will also benefit other Loveland businesses, LoBello said, because the company buys locally when it can.
Freeman Architects of Loveland will design the new facility.
Construction will begin in the next six to eight months. The project is expected to take between 18 months and three years to complete.
Joe Palieri of Chrisland Inc. represented Tanco Engineering Inc., and Nathan Klein of Loveland Commercial LLC represented Loveland Midtown Properties LLC.