November 11, 2019 | John Russell
A Noblesville company that designs and makes spinal implants is doubling its manufacturing and office space to keep up with demand, and plans to hire an additional 25 workers.
Nexxt Spine LLC said Monday it has purchased the Northparke One at Saxony, an industrial building at 14425 Bergen Road, about a mile east of the Ruoff Home Mortgage Music Center in Noblesville. The company had been leasing space in the building for the past seven years. Terms of the acquisition were not disclosed.
The company said it needs more space after buying six additional laser-beam printers. Its 3D-printed porous titanium line, Nexxt Matrix, has sold 20,700 units since its launch in 2017. In the past decade, more than 600 spine surgeons have performed procedures using Nexxt Spine products.
“Our company is celebrating 10 years, but it feels like we’re just getting started on our full potential,” said President Andrew Elsbury, who founded the company in 2009 and previously served as a contract manufacturer for several large medical device companies.
Nexxt Spine, formerly based in Fishers, consolidated operations in 2013, at which time it moved its headquarters and manufacturing facility to Noblesville. At the time, it had 11 employees split between its Fishers headquarters and a manufacturing facility in Indianapolis. The company now has 53 workers, from machinists to sales managers.
Now, Nexxt Spine plans to renovate and expand its headquarters to include a neighboring suite, increasing space from 18,000 to 36,000 square feet. Planned improvements include tripling the size of the 3D printing room, creating a dedicated test lab, increasing office space and tripling the size of the cleanroom. Construction is set to begin next summer and wrap up by December 2020.
After the expansion is complete, the company plans to hire an additional 25 workers over 18 months. The jobs will be in quality control, regulatory affairs, engineering and operations. Nexxt Spine did not disclose the annual salaries for the new positions, or the company’s annual revenue.
The company attributed the expansion to a growing product portfolio and increased demand from spine surgeons.
The Noblesville Common Council will consider a proposed incentive package Tuesday. The documents were not available Monday on the city’s website, and the company did not disclose the terms of the incentive package.