May 12. Nu-Tec Systems plans to purchase an existing building in the Lakeside Business Park for a manufacturing and distribution operation that will create 15 full-time positions. The company’s investment is expected to be on the order of $3 million. The Gurnee, Ill.-based company manufactures private label arc welding and plasma cutting products for the automotive market.

“We will manufacture and distribute a wide array of products at the Mooresville location,” said Michael Cooper, president of Nu-Tec Systems. “With our ever-evolving electronic inverter welding technology this location will give us a competitive edge to meet our customer driven demands.” The company’s recent acquisition of H&S Autoshot Manufacturing in Canada created an immediate need for expanded production and a larger distribution center in the U.S.

The company may receive a rebate up to $148,200 from Iredell County and Mooresville over a five-year period. According to a press release from Mooresville-South Iredell Economic Development, the project was made possible by Paula Sanders with New South Properties of the Carolinas, Town of Mooresville, Iredell County and Mooresville South Iredell Economic Development.