Damotech, North America’s leading pallet rack safety solutions provider, announced today that it will expand in Moberly, investing more than $2.4 million and creating 50 new jobs.

President and CEO of the Moberly Area Economic Development Corporation, Kaylee Paffrath, said “they’re thrilled to see Damotech’s continued growth in Moberly”

As part of this expansion, Damotech will benefit from the Missouri Works program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation.

Damotech’s expansion will also provide better equipment and tools for its team.