Spanish company to lease Menomonee Valley space

Inesa LLC will establish its flagship North American operation in Milwaukee’s Menomonee Valley, Milwaukee 7 and city officials announced.

“We are pleased that another Spanish manufacturer has chosen our region as its base of operations for serving the North American market,” said Jim Paetsch, vice president of the Milwaukee 7 (M7). Inesa is the fourth Spanish firm that M7 has worked with in the past year to locate in the region. The others are Ingeteam, Talgo and SIC Lazaro.

Ingeteam built a 140,000-square-foot plant in the Menomonee Valley, where it plans to manufacture generators and converters for wind turbines and solar power inverters. Talgo is a train manufacturer located on Milwaukee’s north side at the former Tower Automotive plant. SIC Lazaro, a producer of industrial counterweights, is establishing its first manufacturing operation in North America on Milwaukee’s far north side. The company will occupy a 138,000-square-foot manufacturing facility at 7044-7100 N. Teutonia Ave.

Inesa manufactures electric panels for customers serving a variety of industrial markets. Inesa is a joint venture between Grupo Elektra and Ine, both headquartered in Spain.

The company will occupy 5,700 square feet of space at the Canal Street Commerce Center at 1301 W. Canal St., where it will assemble and test panels. The company will initially employ five people at the Milwaukee location.

“Milwaukee was on our radar screen because Ingeteam and Talgo, which are already customers, are located here,” said Iñigo Lopetegui, operating manager for Inesa. “But we quickly realized that Milwaukee’s deep manufacturing assets, such as a highly skilled workforce, would support the long-term objective of growing our U.S. customer base. This is an excellent place for manufacturers like us.” 

Lopetegui has relocated to Milwaukee from Spain to lead the operation.

“Inesa is a welcome addition to our city’s sizeable base of global manufacturing companies,” said Milwaukee Mayor Tom Barrett. “Foreign direct investment is an important generator of jobs and income in southeastern Wisconsin. Global manufacturers like what they see in Milwaukee.”

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