AEROSPACE FIRM TO STAY IN VALLEY.Byline: Enrique Rivero Daily News Staff Writer After flirting with the idea of moving into neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. Ventura County or as far away as New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of state, Schaeffer Magnetics has decided to stay put in the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. . Schaeffer, which was bought in February by East Aurora, N.Y.-based Moog Inc Moog, is a worldwide designer and manufacturer of motion and fluid controls and control systems for applications in aerospace, defense, industrial and medical device markets. ., has signed a 10-year, $5 million lease on a new building in Chatsworth that is nearly twice the size of the company's roughly 40,000-square-foot quarters. The company, now known as Schaeffer Magnetics Division, makes high-performance motion-control devices for the aerospace industry. It will move to its 70,172-square-foot home in the 21000 block of Nordhoff Street in December, said General Manager Jay Hennig. Now at about 160 employees, the company roster is expected to swell to about 200 over the next two years, Hennig said. The new building will give Schaeffer ample room to expand, he added. The deal was brokered by Van Nuys-based Delphi Business Properties. The company had considered moving to either Moorpark or Simi Valley Simi Valley (sē`mē, sĭm`ē), city (1990 pop. 100,217), Ventura co., SW Calif. in an oil, fruit, and farm region; laid out 1887, inc. 1969. in Ventura County, or relocating to Moog's East Aurora headquarters. Schaeffer can retain its employees by remaining in Chatsworth, Hennig said. ``The value of the company really is the employees,'' he added. The company was assisted by Mayor Richard Riordan's LA's Business Team, which sped up the permitting process and facilitated the electric power changeover (programming) changeover - The time when a new system has been tested successfully and replaces the old system. to the new location. ``They really came through (for us),'' Hennig said. Moog and Schaeffer announced in December that Moog would pay $21.7 million for the Valley aerospace company. |
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