A German-based company that makes products to protect electronic systems from power surges announced Tuesday it would invest $38.6 million and create 195 jobs in making Mooresville its new headquarters for the Americas.
DEHN will bring production, research and training to the headquarters site, says Philipp Dehn, who represents the fourth generation of the 114-year-old family-owned business based in Bavaria.
Manufacturing should begin within two years, although some employees will be hired immediately. Wages for the new positions will average $66,120, which is higher than the current average wage in Iredell County of $63,674.
DEHN makes products to protect people and equipment from power surges.
A standalone manufacturing site will be built, and the headquarters will be located in a space within the 1.1 million-square-feet Merino Mill, a former textile mill dating back to 1893 that now houses retail, restaurants and other businesses.
DEHN will occupy approximately 10,000-square-feet of space at the renovated mill, and has an option on another 20,000-square-feet inside the former mill.
German electric company makes Mooresville its U.S. headquarters
