Aerospace machine shop Cobalt to expand to Lake Stevens site

LAKE STEVENS — Cobalt Enterprises is buying a 25,000-square-foot building in Lake Stevens and moving most of its operations from Granite Falls to the new site.

The machine shop will also expand, growing its workforce from 98 employees to 120, said Paul Clark, Cobalt’s vice president and one of its owners.

Cobalt has seen heavy growth for years. The company has experienced on average a 34 percent increase in sales for 11 straight years and expects to see that number go up to 44 percent this year.

Most of the work is for aerospace manufacturers.

“We’ll tackle heart-attack-type jobs,” Clark said. “The company has built it’s reputation on those types of jobs.”

The company expects to spend $3 million with the purchase of the building at 3316 Old Hartford Road, Lake Stevens, along with renovations and moving costs. The company expects to move its assembly and paint departments by the end of this year and move the machining department by next year.

In all, 110 workers will be located in the Lake Stevens site.

“We are very excited for a variety of reasons,” said Jeanie Ashe, Lake Stevens’ development coordinator. “This is bringing to our community ultimately 110 jobs — those are employees who will spend money in our community.”

She also praised Cobalt as a good corporate citizen. The company, founded by Fred Schule in 2004, was awarded Washington’s Small Business of the Year in 2014 by the U.S. Small Business Administration.

“Cobalt as you know is a very well respected manufacturer and we’re hoping that we can attract parts of their supply chain or other manufacturers to community,” Ashe said.

Cobalt owns two buildings in Granite Falls at 10917 Mountain Loop Highway and plans to continue to keep about 10 to 15 workers at the site, Clark said.

The company has a retail motorcyle shop that it plans to move to the Granite Falls location and will continue to operate a hydraulics departments there. The company is looking for other uses for the property.

He said the new Lake Stevens building was an “amazing building — very, very close to exactly what we need.”

“For us, it’s not a lot of hoopla,” Clark said. “Manufacturing at this level is very direct. After the move, we’ll just want to get back to work.”

Talk to us

More in Herald Business Journal

FILE - A Boeing 737 Max jet prepares to land at Boeing Field following a test flight in Seattle, Sept. 30, 2020. Boeing said Tuesday, Jan. 10, 2023, that it took more than 200 net orders for passenger airplanes in December and finished 2022 with its best year since 2018, which was before two deadly crashes involving its 737 Max jet and a pandemic that choked off demand for new planes. (AP Photo/Elaine Thompson, File)
Boeing inks deal for up to 300 737 Max planes with Ryanair

At Boeing’s list prices, the deal would be worth more than $40 billion if Ryanair exercises all the options.

Logo for news use featuring Snohomish County, Washington. 220118
Four recognized for building a better community

Economic Alliance of Snohomish County hosts annual awards

Logo for news use featuring Snohomish County, Washington. 220118
Business Briefs: Pandemic recovery aid and workforce support program

Snohomish County launches small business COVID recovery program, and is now accepting NOFA grant applications.

Elson S. Floyd Award winner NAACP President Janice Greene. (Olivia Vanni / The Herald)
Janice Greene: An advocate for supplier diversity and BIPOC opportunities

The president of the Snohomish County NAACP since 2008 is the recipient of this year’s Elson S. Floyd Award.

Emerging Leader Rilee Louangphakdy (Olivia Vanni / The Herald)
Rilee Louangphakdy: A community volunteer since his teens

Volunteering lifted his spirits and connected him with others after the death of a family member.

Emerging Leader Alex McGinty (Olivia Vanni / The Herald)
Alex Zitnik-McGinty: Find a group you like and volunteer!

Her volunteer activities cover the spectrum. Fitting in “service work is important as we grow.”

Opportunity Lives Here award winner Workforce Snohomish and director, Joy Emory. (Olivia Vanni / The Herald)
Workforce Snohomish receives Opportunity Lives Here Award

Workforce offers a suite of free services to job seekers and businesses in Snohomish County.

Henry M. Jackson award winner Tom Lane. (Olivia Vanni / The Herald)
Tom Lane: An advocate for small and local businesses

The CEO of Dwayne Lane’s Auto Family is a recipient of this year’s Henry M. Jackson Award.

John M. Fluke Sr. award winner Dom Amor. (Olivia Vanni / The Herald)
Dom Amor: Working behind the scenes to improve the region

Dom Amor is the recipient of this year’s John M. Fluke Sr. Award

Dr. David Kirtley at the new Helion headquarters in Everett, Washington on Wednesday, Jan. 19, 2022  (Olivia Vanni / The Herald)
Everett nuclear fusion energy company nets first customer: Microsoft

The Everett company, on a quest to produce carbon-free electricity, agreed to provide power to the software giant by 2028.

Hunter Mattson, center, is guided by Blake Horton, right, on a virtual welding simulation during a trade fair at the Evergreen State Fairgrounds in Monroe, Washington, on Wednesday, May 3, 2023. High school kids learned about various trades at the event. (Annie Barker / The Herald)
Trade fair gives Snohomish County kids glimpse of college alternatives

Showcasing the trades, the Trade Up event in Monroe drew hundreds of high school students from east Snohomish County.

A Tesla Model Y Long Range is displayed on Feb. 24, 2021, at the Tesla Gallery in Troy, Mich.  Opinion polls show that most Americans would consider an EV if it cost less, if more charging stations existed and if a wider variety of models were available. The models are coming, but they may roll out ahead of consumer tastes. And that could spell problems for the U.S. auto industry, which is sinking billions into the new technology with dozens of new vehicles on the way.  (AP Photo/Carlos Osorio)
Tesla leases space at Marysville business park

Elon Musk’s electric car company reportedly leased a massive new building at the Cascade Business Park.