Corporate Moves Archives

Michigan Corporate Moves

Diplomat Specialty Pharmacy Grows in Flint, MI Diplomat Specialty Pharmacy, the nation’s largest privately held specialty pharmacy company servicing the needs of patients and physicians nationwide, announced today it has received an 18-year Michigan Economic Growth Authority (MEGA) tax credit for $61.5 million and $14 million in Career Alliance, Inc. workforce training funds. Diplomat expects the bulk of its employees to be based in Flint, where the company plans to purchase a 340,000 square foot building at the Great Lakes Technology Centre complex on Saginaw Street. The company will invest $12 million in the building over the next five years and anticipates it will move from its current headquarters space in Flint Township to the Saginaw Street site on a phased-in basis beginning in 90 days, with all headquarters operations and employees relocated over the next 12 months. Additional incentives will also be made by the City of Flint, MI that will allow the company to focus its immediate expansion efforts in Flint. Diplomat’s employee base, currently more than 400 company-wide, with approximately 350 employees in Michigan, is expected to add over 1000 new jobs in life sciences in five years and 4,000 by 2028. The announcement was made by Diplomat Specialty Pharmacy President, CEO and co-founder, Phil Hagerman, Hagerman said the state tax incentives strengthen Diplomat’s future in Michigan. “Diplomat Specialty Pharmacy is a leader and innovator in specialty pharmacy, a dynamic industry experiencing explosive growth. The tax credits awarded to Diplomat mean Michigan can further position itself as a life sciences leader, attracting new and complementary businesses that support the rejuvenation of the Flint business landscape and the appeal of Michigan as a hotbed of ingenuity and health care talent,” Hagerman said. “We thank [the governor’s office], the MEGA Board, the City of Flint and the Genesee Regional Chamber of Commerce for their support in assuring that Diplomat will remain a Michigan-based company.” Diplomat Specialty Pharmacy was included on the INC. 500 list of fastest growing private companies in America. Of the 43 companies in the health care category, Diplomat ranked #1 in total revenue and sales growth. The company anticipates revenues of $600 million in 2010. Specialty pharmacy refers to a branch of the pharmaceutical delivery system that focuses on comprehensive and coordinated systems of pharmacological care for patients with serious and chronic illnesses and complex medical conditions. Diplomat offers its services through contracts with prescription benefit managers and health plans, and through direct relationships with physicians and patients. Diplomat also provides services to large retail pharmacies […]

Ohio Corporate Moves

Hamlet Protein Brings Animal Feed Production to Findlay Hamlet Protein, a manufacturer of soy-based protein for animal feeds headquartered in Horsens, Denmark, will begin production in Findlay, OH in early 2012, creating 25 jobs. Hamlet Protein is investing $20 million in Findlay: $15 million in machinery and equipment, $4 million to buy the plant and $1 million in renovations, according to Findlay-Hancock County Alliance Economic Development Director Anthony Iriti. The Findlay site beat out competing locations in Indiana, Illinois and Iowa. A $2 million low-interest loan to Hamlet was approved by Ohio officials. The state also offered a $96,000 payroll tax credit over six years for the jobs to be created. Also, Hancock Regional Planning Commission is making a $500,000 low-interest loan from its revolving loan fund. Hancock County JobSolutions is extending $369,000 in assistance, including $310,000 in worker training and $59,000 in recruitment and screening assistance. Hamlet will operate in an 88,000-square-foot building constructed by A. Schulman in 2008 but never occupied, north of Tall Timbers Industrial Center at 5289 Invision Drive. Hamlet Protein will buy its raw materials from soybean farmers in the area. “Agriculture plays a major role in our county, and we’re happy to see this area of industry growing,” Hancock County Commissioner Ed Ingold told the Courier News. “The presence of Hamlet Protein will be a huge benefit for our agricultural sector and economy as a whole.” Hamlet Protein’s supplements go mainly into feed for piglets. But Hamlet Protein officials see opportunities to sell more protein supplements to makers of food for poultry, calves and pets. Hamlet Protein’s Findlay plant will employ people in operations, administrative and information technology jobs, the state Development Department reported. The average wage will be $22 per hour plus $10 per hour in benefits, the state reported. Findlay Mayor Pete Sehnert called Hamlet Protein a great company with great values. “This organization will be a wonderful addition to our community,” Sehnert said. Finnish Wireless Tech Company Lands in Akron Akron Mayor Don Plusquellic has announced that Finland-based wireless network technology company, 7signal Ltd., is locating its sales offices and Network Operation Center in Akron’s Biomedical Corridor. “In today’s world of health care,” said the Mayor, “one of the most critical missions is to develop computerized software and hardware that enhances the work of doctors and hospitals.” The mission of 7signal is to make wireless LAN (WLAN) network work reliably in hospital settings. The company’s unique “Wireless Quality Assurance (WQA)” solution helps to ensure that end-users of the healthcare applications (doctors, […]

Virginia Corporate Moves

International Paper Invests $83 million in Wight County Mill International Paper is investing $83 million to repurpose a portion of its closed mill in Isle of Wight County as a fluff pulp mill capable of annually producing up to 270,000 metric tons of high quality fluff pulp for the global market. The project will create 213 new jobs. Speaking about the recent announcement, Gov. Bob McDonnell said, “This project is tremendous news for Isle of Wight County and the entire region. After International Paper’s closure that resulted in a devastating job loss, it is hugely significant that the company has decided to make this $83 million investment in a fluff pulp operation at its former mill. This project is a great sign of the Commonwealth’s ongoing economic rebound. It will help offset the economic ripple effect caused by the company’s 2009 announcement and it is further evidence that Virginia is wide open for business. ” “Isle of Wight County and the surrounding region have the available, trained workforce that is ready to fill these 213 new positions,” said Jim Cheng, Virginia Secretary of Commerce and Trade. “The mill’s current assets, transportation options and proximity to the Port of Virginia for product export all were factors that contributed to the company’s decision to re-invest in the repurposing of the property. In addition, the availability of U.S. Southern Pine in the area is ideal for the production of high-quality fluff pulp.” International Paper is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company’s North American distribution company. Headquartered in Memphis, Tennessee, the company employs about 59,500 people in more than 24 countries and serves customers worldwide. 2010 net sales were more than $25 billion. “IP is currently the third largest global supplier of fluff pulp and this investment gives us greater participation in a growing market,” said Mark Sutton, International Paper Senior Vice-President Printing and Communications Papers the Americas. “IP is a leader in the use of renewable energy. The Franklin fluff pulp facility will be 89% energy self-sufficient, utilizing power generated from carbon-neutral biomass on-site. The capability of producing energy from renewable biomass resources makes the remaining portions of the Franklin Mill site an ideal location for other partners looking for on-site green energy options.” The Virginia Economic Development Partnership worked with Isle of Wight County to secure the project for Virginia. The Virginia Department […]

Minnesota Corporate Moves

AGCO Expands Massey Ferguson Line in Jackson An expansion of AGCO’s tractor plant in southwestern Minnesota is expected to generate up to 150 new jobs, many in production. Gov. Mark Dayton arrived at the plant this month in a Massey Ferguson tractor to officially open the 75,000-square-foot addition in Jackson. Some 900 employees gathered to celebrate the expansion, which brings the Massey Ferguson product line back to the United States. AGCO’s addition includes a visitor’s center with a showroom, dining area and movie theater. The Fairmount Sentinel reports the Minnesota Department of Employment and Economic Development estimates Jackson’s economic output will grow by more than $2 million. AGCO, a worldwide manufacturer and distributor of agricultural equipment, recently announced it plans to make investments in its North American manufacturing capabilities. “We are continuing to focus on increasing our manufacturing presence in North America, particularly with investments in our Hesston, Kansas and Jackson, Minnesota facilities,” said Martin Richenhagen, Chairman, President and CEO of AGCO. “We intend to make substantial investments in our North American plants over the next few years. These investments will reinforce our commitment to our North American customers and dealers.” In a first step, AGCO will transfer its high horsepower, wheeled tractor assembly for tractors sold in North America from its tractor manufacturing facility in Beauvais, France to AGCO’s operations in Jackson, Minnesota. “The expansion of high horsepower tractor production will include an extension of the assembly line and investments in advanced material handling systems to efficiently deliver parts and material to the assembly line,” said Robert B. Crain, Senior Vice President and General Manager AGCO North America. “In addition, AGCO will build a state of the art visitor center in Jackson to significantly enhance the experience for our customers and dealers.” In total, the existing plant will be expanded by about 75,000 square feet. Plans are to begin assembly of AGCO’s high horsepower Massey Ferguson 8600 Series and Challenger MT600C Series tractors sold in the North American market in late 2011. AGCO has made significant progress in improving its North American operating results, mainly driven by new products, factory productivity and logistics savings initiatives. “We see continued strong demand in the high horsepower tractor market sector driven by improving economics for the professional farmer,” explained Mr. Crain. “The production of high horsepower row crop tractors in Jackson will allow us to be more responsive to market demands and customer needs.” AGCO’s Beauvais, France facility will also receive significant investment in 2011 in order to boost new model introductions, […]

Mississippi Corporate Moves

Grenada Stamping & Assembly Expands in Mississippi The Grenada County Economic Development District (EDD) has announced that Grenada Stamping and Assembly, supplier of parts to the appliance, automotive, HVAC/R and off-highway markets is expanding its operations in Grenada. The project represents a $500,000 company investment and will create 40 new jobs. The company, which recently received ASME (American Society of Mechanical Engineers) certification, last expanded its operations in March of this year. This latest expansion by Grenada Stamping accommodates the addition of an air tank production line that will manufacture tanks in a variety of sizes and for a number of applications, including those in the over-the-road, defense and aviation markets. The City of Grenada will receive $135,000 in a Development Infrastructure (DIP) grant from the Mississippi Development Authority (MDA) to support the company’s diversification efforts. The City will provide a match of $15,000 and the funds will be used to modernize a city owned building that will host the new production line. A subsidiary of Ice Industries, which is headquartered in Sylvania, Ohio, Grenada Stamping and Assembly has a broad menu of capabilities, including the ability to blank, form, weld and assemble a variety of materials of various strengths and thicknesses. In addition to serving a variety of OEMs in the U.S., ICE industries is a supplier to Electrolux® and First Solar Panels in Canada, provides parts to Ford Motor Company in Argentina, Copeland in Northern Ireland, Belgium, Thailand and China, and Nissan in Mexico and Japan. Gary Houston, General Manager of Grenada Stamping, stated, “This new production line is a great leap forward in our diversification efforts for the Grenada plant. The Grenada County EDD successfully expedited all processes to get our project off the ground in record time and that made a huge difference in our ability to get to market expeditiously. We are most grateful to the EDD, the MDA and the City of Grenada for their unwavering support.” Timothy Chism, a member of the Grenada City Council said, “We are thrilled to see Grenada Stamping diversify its business base in the community. The City is committed to supporting our existing companies and will continue to work closely with the EDD to expedite any projects that create jobs for our citizens.” Darrell Robinson, County Supervisor for District 4 added, “The Board is excited to hear that Grenada Stamping will expand again and continue to create jobs in Grenada. We look forward to celebrating their future success in Grenada County.” The EDD also announced that the Grenada […]

Colorado Corporate Moves

Vestas Opens World’s Largest Wind Tower Plant in Pueblo Vestas Towers America, Inc. recently held the grand opening of what it says is the world’s largest wind tower manufacturing plant. The new Pueblo, CO facility features nearly 13 million square feet of space and eight miles of on-site railway tracks for the transport of materials and finished tower components. The opening of Vestas Towers gives Vestas, a global leader in wind turbine production, a substantial capability to address growing needs among North American wind power plants for reliable, high performance wind turbines. U.S. Secretary of the Interior Ken Salazar joined a host of regional and local Colorado dignitaries, as well as Vestas Towers President Knud Bjarne Hansen and Vestas Americas President Martha Wyrsch, during a ribbon cutting ceremony. Participants at the grand opening ceremony recognized a factory that currently employs more than 400 workers and is capable, at peak production, of producing 1,090 towers per year. The event also kicked off Secretary Salazar’s national renewable energy tour, which spans Colorado, Nevada and California. The steel industry has and will continue to play a large role in Pueblo’s identity, but as seen here today, the renewable energy industry is carving its own path into the city and state’s history, said Secretary Salazar. Colorado is committed to the development of a clean energy economy, and I applaud Vestas for recognizing the potential of Colorado’s landscape and workforce. Vestas Towers America, Inc. has the ability to process more than 200,000 tons of steel per year— enough to build two bridges the size of the Golden Gate every year, or the equivalent of 28 Eiffel Towers. Locating the factory along major highway and railroad lines provides Vestas with the ability to meet customers’ needs with locally managed logistical efficiencies, which translates directly to cost and environmental benefits. “We are extremely pleased to simultaneously provide job opportunities for the local community and outstanding product for our customers made right here in Colorado,” said Hansen. “We have deliberately located our factories in a central region in the U.S.– including our towers, nacelles and blades plants—because regional centralization allows Vestas to build and ship locally in any direction needed in North America, and that translated to a direct competitive advantage for all of our stakeholders.” In the past few months, Vestas Towers America, Inc., has been actively recruiting and hiring people who are skilled in a range of desirable jobs ranging from engineering to human resources and from welding to painting. The company has attended numerous local […]

Indiana Corporate Moves

Four Southern Indiana Businesses Plan Expansions More than $6 million in investment and the creation of up to 92 jobs by 2013 was promised by four Southern Indiana area businesses that recently announced expansion plans. Jeffersonville-based G.F. Munich Welding, Shoe Sensation, and Nexgen Mold & Tool in New Albany and Talon Logistics Services of Clarksville declared more than $3 million in new annual payroll will be added through job creation, according to a press release from One Southern Indiana, also known as 1si. “We hope this pattern of growth is indicative of a new year full of more success stories like these,” said Michael Dalby, president and CEO of 1si, which aided the businesses in securing various state and local tax abatements and credits. G.F. Munich Welding is a steel fabricator of wastewater machinery, and the company aims to invest more than $2.2 million in equipment and additional real estate and create up to 30 jobs at its Jeffersonville location, according to the release. Joseph Papalia, president of G.F. Munich Welding, said Indiana has been a business-friendly environment and the benefits received by the company from the state encouraged the local expansion. Shoe Sensation is looking to add up to 20 jobs and invest close to $700,000 to lease and improve additional space at the regional retailer’s Jeffersonville headquarters and distribution. Company CEO Michael Zawoysky credited the state and Jeffersonville for being “invaluable partners” in Shoe Sensation’s plans to grow in Clark County. Shoe Sensation and G.F. Munich Welding are also applying for benefits through the Jeffersonville Urban Enterprise Zone. “The [UEZ] was created by the city of Jeffersonville to encourage reinvestment and job growth within its boundaries and these projects are a testament to the continued fulfillment of the zone’s mission,” Jeffersonville Mayor Tom Galligan said. Talon Logistics Services intends to consolidate its Louisville operations into its Clarksville distribution center, which would create up to 30 jobs. The company provides distribution, warehousing and brokered freight services. “This further cements Southern Indiana as a logistics hub and speaks volumes about our ability to move product,” Clarksville Town Council President Greg Isgrigg said. The council approved local incentives for Talon Logistics. The region’s proximity to Kentucky makes it incumbent on the state to retain businesses and entice new industries, Indiana Secretary of Commerce Mitch Roob said. “We are in constant competition with our neighbors for new investment and nowhere is that more evident than Southeast Indiana,” he said in a press release. “The announcement of four companies investing and creating new […]

Alabama Corporate Moves

Royal Tech, Cash Acme Open Cullman Facilities Two major industrial projects are bringing hundreds of new jobs to the Cullman, AL area. Cash Acme broke ground late last year on a new distribution plant in Cullman, a move that should create up to 100 jobs in 2011. Michigan-based Royal Technologies, a plastic molding injection company, also expanded into Cullman in 2010. The new 200,000-square-foot Royal Technologies plant is located at the corner of Alabama Highways 157 and 278, and will function as a manufacturing facility for injection molding, urethane foam and light assembly parts for office furniture and interior trim for automobiles. The project was first announced in February 2009, and construction was completed a few months ago. Royal Technologies president Jim Vander Kolk told the Cullman Times he was impressed by the efficiency of the planning and construction for the company’s new manufacturing facility in Alabama. “Honestly, we had a lot of options when we were in the process of looking for somewhere in the south to expand to,” Vander Kolk said. “We made the decision to come here in the fall of 2008, and I’m happy to say every day that has gone by has confirmed we made the right call. Our experience with local government on every level has been excellent and exactly what we were promised coming in.” Royal Technologies manufactures injection molding, urethane foam and light assembly parts for office furniture and interior trim for automobiles. The new facility opened with 85 employees. Within a year, Vander Kolk said that number could rise to around 200. The company could employ more than 300 people within two years, according to projections released when the plant was announced last year. “This building is built for the needs of today, but we do plan to grow,” Vander Kolk said Wednesday, while touring the site. “If we work hard, are honest, and do a good job, we plan to add a lot of new jobs. We’re working hard to embrace this community and be a lasting part of Cullman and Cullman County.” Throughout the construction process for the new plant, Royal Technologies facilities director Doug Oosterbaan said the company made a concerted effort to use local contractors from the Cullman area. “We’ve used Apel Steel, Manning Construction, Goss Electric, Hardy Mechanical and other local companies,” he said. “They have been really great to work with.” “We are especially grateful to have been selected by a quality company like Royal Technologies for their southeast operation.” Cullman Economic Development Agency Director […]

Washington Corporate Moves

SeaTac Sustains Robust Growth The City of SeaTac, WA, enjoyed outstanding success with commercial real estate and economic development in 2010. Even in the face of a continuing recession the city proved to be an attractive location for a wide variety of new businesses. Tens of thousands of square feet of vacant space was leased and many new jobs were created in the city. A new hotel is under construction and several new restaurants opened, reflecting the expanding appeal of the community. “Each new business increases the retail, service and dining opportunities for residents, employees and travelers in the City of SeaTac,” said Jeff Robinson of the City of SeaTac. “We are pleased that so many companies added to the diversity of our community and increased the opportunities for jobs and revenue within the city.” These new businesses represent almost every sector of the economy ranging from retail and service to warehousing, distribution, light industry and hospitality. One of the properties currently under construction is the Hampton Inn and Suites, the first new hotel built in the city in the past decade. “This will be our fourth hotel in the City of SeaTac,” said Faruq Ramzanalli of Hotel Concepts. “We are very impressed with how every department within the city works with developers. They are extremely friendly and knowledgeable and we are on a first-name basis with everyone there.” WallyPark has operated parking garages to serve Seattle-Tacoma International Airport in SeaTac since 2003. A new premier parking garage opened in November 2010 that is a mixed-use property with retail and commercial space on the ground floor. “We are pleased to bring a new standard of airport parking to the Puget Sound area,” said Charles Bassett, WallyPark’s chief operating officer. “Our third location represents our long-term commitment to providing travelers with a convenient, world-class parking experience.” New retail stores include the Cinco de Mayo Market, International Market and Saran African Market. A new O’Reilly Auto Parts is under construction, and a new AutoZone is in the permitting process. Among the new restaurants to open their doors are India Pabla Bistro, Tacqueria El Rinconsito and Las Palmas, a Salvadoran restaurant. “I want to bring something new to the community,” said Jose Paulino, owner of Las Palmas. “We have a large population in SeaTac and our surrounding neighborhoods that will appreciate our menu.” The Department of Homeland Security consolidated and expanded some of its operations to the City of SeaTac. New tenants in our warehouse, distribution and light industrial sectors include NW Crane […]