ANGOLA, Ind.--Vestil Manufacturing Corp. plans to expand its operations in Indiana, creating 50 new jobs by 2011.
The company, which manufactures and distributes more than 5,000 material handling products, ranging from workstation cranes to stretch wrap machines, will invest $2 million to expand its manufacturing operations into a former recreational vehicle and automotive parts manufacturing facility adjacent to one of its current Angola manufacturing operations.
Vestil employs more than 350 associates at four manufacturing facilities and DCs in Angola. The 51-year-old company plans to begin hiring production and clerical staff immediately to prepare for the completion of the build out of the 80,000-sq.-ft. manufacturing facility in January.
"New product development continues to fuel our growth here in Angola," says Ralph Trine, president of Vestil Manufacturing. "The new facility will allow us to provide an expanded product line to existing and future customers."
The Indiana Economic Development Corp. offered Vestil Manufacturing Corp. $100,000 in performance-based tax credits and $27,500 in training grants based on the company's job creation plans. The city of Angola will consider property tax abatement at the request of the Steuben County Economic Development Corp.
Vestil's expansion is the second in less than two years for the material handling equipment maker. In April 2007, the company announced plans to expand its northeast Indiana manufacturing operations by 60,000 sq. ft., creating more than 100 new jobs.