Warminster Company To Buy New Plant, Add Jobs (ICYMI)

WARMINSTER, PA — A manufacturing company in Warminster is getting some help expanding in the form of a low-interest loan announced by Gov. Tom Wolf on Wednesday.

A&F Holdings, LLC, was one of five businesses announced as recipients of the loans, through the Pennsylvania Industrial Development Authority. They are designed to help businesses expand and create new full-time jobs.

"Access to low-interest capital is critical for small business growth," Wolf said. "The commonwealth's partnership will provide the affordable capital needed to bolster expansion projects and job creation, without the burden of exorbitant interest rates."

A&F Holdings is a paper mill equipment manufacturer. It was approved for a $325,000, 15-year loan to buy and renovate a 17,420-square-foot building located on Mearns Road in Warminster.

The purchase will let the company relocate operations from a leased facility about six miles away and give it more manufacturing space, which it needs to handle what officials call its rapid growth.

The total project cost is about $1.3 million. With it, the company will retain five full-time jobs and create three new ones, officials said.