SRC of Lexington’s Expansion Plan Kicks Off with Facility Acquisition

May 2

Lexington, KY – SRC of Lexington, the leading remanufacturer of OEM and aftermarket products in the construction, mining, natural gas, and power generation markets and subsidiary of SRC Holdings Corp., is expanding its operations in Lexington, Kentucky, in preparation for long-term growth.

SRC of Lexington plans to move into the new facility in 2025.

SRC completed the first step of the multi-year expansion project with the purchase of a manufacturing facility in Lexington on March 5, 2024. The building features nearly 180,000 square feet of manufacturing, warehouse, and office space on 14 acres, allowing for much-needed space to expand SRC of Lexington’s teardown, machining, and production capabilities.

“This expansion is a pivotal development for our organization,” said Tim Stack, Executive Vice President at SRC Holdings Corp. “This state-of-the-art facility dramatically increases our capacity and efficiency, allowing us to better serve our customers and grow. Thanks to collaboration with the local chamber and other organizations, we are set to grow in the Lexington economy and push the boundaries of innovation and sustainability in the remanufacturing industry.”

Throughout 2024, SRC plans to conduct facility renovations and improvements to meet its operational needs, followed by a multi-phased move to the new facility in 2025. In total, SRC plans to invest nearly $15 million in the expansion project.

“This facility will help us expand capacity in the short-term, with plenty of space to grow long into the future,” said Rob Shear, General Manager of SRC of Lexington. “We will be able to help our customers grow, and I’m excited for the business and for our employee-owners.”