Accel International Holdings, Inc., announced that it will build a new 150,000-sq-ft manufacturing facility in Port St. Lucie, Florida.

A press release said that the plant will manufacture high performance cables, wires and conductors for markets such as aerospace, medical, industrial and telecommunications. It will supply silver, nickel- and tin-plated copper and copper alloy products. The project is expected to generate 125 new jobs by 2021.

Founded in 2006, Accel operates three manufacturing facilities in Connecticut and Indiana that have a combined 450,000 sq ft of vertically integrated processes. The company primarily serves the domestic marketplace; but it has “international activity” in Canada, Mexico and China.

Accel’s new plant will be located on 10 acres in Port St. Lucie’s Tradition Center for Commerce. The company plans to break ground later this year. “With a vision for additional expansion, Accel has acquired a total of 40 acres for future development activity and has made a total capital investment of $55 million,” the release said.

The news was welcomed by Florida Gov. Ron DeSantis, who described it as “great news for Florida’s growing manufacturing sector.”

“We are excited about our corporate expansion into Florida and anticipate a bright future for us and the city of Port St. Lucie. We hope bringing 125 new jobs by 2021 to Port St. Lucie during these difficult economic times will be a catalyst for other companies to do the same,” said Accel CFO Tim Cummings.

At its website, Accel states that it plans to expand the Florida plant to 300,000 sq ft in 2023.