A Feb. 17 fire destroyed more than 80% of SPS Technologies’s 560,000-sq-ft plant in Jenkintown, Pennsylvania. Now, its parent company, Precision Castparts Corp (PCC), reports that it will rebuild the fastener manufacturer.

Per the company and media reports, the plan is to build a 350,000-sq-ft LEED-certified facility that would be completed by early 2028. It expects to initially employ approximately 200 people at the new site, and will seek to bring back some of the workers who had previously been laid-off. The new building will integrate advanced fire safety and environmental protection measures, addressing both community concerns and regulatory requirements. Demolition of the old plant concluded in September.

According to authorities, the Feb. 17 fire that originated in the compressed air system area was deemed to be accidental. While the precise mechanical failure could not be isolated, the compressed air system failure produced multiple explosions, and numerous fires quickly spread throughout the building.

Per the company’s website, the business was founded in 1903 as Standard Pressed Steel Company. It was later renamed SPS Technologies and was acquired in 2003 by PCC. The SPS plant specialized in aerospace fasteners for use with engines, wings, fuselages and landing gear, using specialty alloys such as INCONEL, WASPALOY, titanium, MP35N, MP159 and AEREX. The company also supplied sectors that include medical, marine, power generation and auto racing.