Business

Racing company opening Mooresville facility

A company that builds suspension components for race cars is opening a manufacturing facility in Mooresville.

PAC Racing Springs, a division of Michigan-based Peterson Spring Co., plans to build a facility at 255 Raceway Drive in Iredell County. The company will employ 15 people there initially, and the site will include suspension spring manufacturing and a new chassis product development center, the Charlotte Regional Partnership said.

“The opportunity to be situated in the heart of the racing community offers our customers a unique development where we can work directly with engineers to manufacture the suspension products they require,” said Jason Youd, PAC Racing Springs’ manager of business development, in a statement. “Having the suspension spring manufacturing, engineering, and sales onsite will allow for additional support for our customer base worldwide”

Ronnie Bryant, CEO of the Charlotte Regional Partnership, praised the firm.

“I’m excited to see an innovative company like PAC Racing Springs investing and growing in Charlotte USA. They’re a benefit to both Iredell County and the entire Charlotte region,” said Bryant.

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