Leominster machine shop F&M Tool & Die – which has specialties in mold making, mold maintenance and mold repair – is set to move into a 23,390-square-foot building in Lancaster.

The company will lease the building at 851 Sterling Road in Lancaster.

Scott Duncan, who became the owner of the company in 2018, according to F&M’s website, confirmed the move but wasn’t willing to share any information regarding timeline.

F&M, founded more than 40 years ago, is currently at 25 Jytek Road in Leominster, not far from Route 12. It serves industries that include medical, cutlery, automotive and houseware, according to its website.

The new building, constructed in 1983, is owned by L.L. Prince Realty Trust, which also owns the 2-acre property, according to the Worcester Registry of Deeds.

Beacon Medtech Solutions, a plastics manufacturing company involved in biopharma and medical services, was last located at the Lancaster building. It now operates out of Leominster.

This article originally appeared on Telegram & Gazette: F&M Tool & Die moving to new location in Lancaster