German Distribution Company Growing In Central Indiana

Würth Service Supply Inc. is expanding its Greenwood, IN headquarters, with help from tax credits based on the company's plans to create up to 60 new jobs.


https://businessfacilities.com/2016/10/german-distribution-company-growing-central-indiana/
Würth Service Supply Inc. is expanding its Greenwood, IN headquarters, with help from tax credits based on the company's plans to create up to 60 new jobs.
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German Distribution Company Growing In Central Indiana

Würth Service Supply Inc. is expanding its Greenwood, IN headquarters, with help from tax credits based on the company's plans to create up to 60 new jobs.

German Distribution Company Growing In Central Indiana

Würth Service Supply Inc., a distributor of assembly and fastening materials for manufacturers, will expand its headquarters in Indiana, creating up to 60 new jobs by 2020. The company will invest $11.5 million to construct and equip a 230,000-square-foot facility in the Southpoint Business Park in Greenwood, IN. The new facility will add 82,000 square feet of space to the company’s headquarters, which is currently housed on the northwest side of Indianapolis.

“The Würth Group is very pleased to select Greenwood, Indiana, as its headquarters for Würth Service Supply and its divisional headquarters for Würth Industry North America,” said Marc Strandquist, executive vice president of Würth Group. “This continues our commitment to Indiana which started in 1948 with the establishment of Würth Service Supply. This location enhances our logistics network and will enable us to aggressively grow the business.”

Greenwood Indiana
Photo: Würth Service Supply Inc.

The company is part of Würth Industry North America (WINA) and owned by Germany-based Würth Group. WINA, which now operates 10 businesses, has acquired four businesses within the last two years and has doubled in size since 2013. The company serves 85,000 OEM customers throughout the U.S. and Mexico, generating $700 million in sales and requiring the company to grow its operations and headquarters staff to keep up with demand.

The Indiana Economic Development Corporation offered Würth Service Supply up to $400,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, so until employees are hired, the company is not eligible to claim incentives. The city of Greenwood has approved additional incentives.

Currently, Würth Service Supply employs 100 full-time associates at its headquarters and operates more than 15 facilities across the U.S. The company, which just broke ground on the new headquarters facility, expects the facility to be complete by September 2017 and plans to begin hiring for warehouse and administrative positions next year.

“We are very excited about our future here at Würth Service Supply and are very happy to be able to continue to expand, grow and add local jobs right here in central Indiana,” said Marty Goeree, president of Würth Service Supply. “We are proud to continue the Würth tradition that is rich in history and excellence.”

“Indiana is an international economy with almost 800 foreign-owned establishments that support more than 152,000 quality Hoosier jobs across the state,” said Governor Mike Pence. “Germany is the third-largest foreign investor in Indiana because job creators like the Würth Group recognize the benefits of doing business in a pro-growth state. As a global business, Würth Service Supply had a world of options to consider for this expansion, but identified Indiana as the best state to support its future. We look forward to watching Würth grow in Indiana, and I am confident our strong Hoosier workforce will help drive the company’s continued success.”

Relocating or Expanding Your Business In Indiana

Considering Indiana for your company’s relocation or expansion project? Check out Business Facilities’ Indiana Incentives and Workforce Development Guide.

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