A full line waste handling equipment manufacturer, GalFab Acquisitions, LLC, will invest $720,000 expand its Winamac, Indiana, operations center, creating up to 85 new jobs by 2014.
Recently, GalFab Acquisitions acquired the assets of GalFab, Inc., which had operated in Winamac for the last 20 years. The company will invest $720,000 to lease, renovate and equip the 100,000 square-foot former GalFab, Inc. building. The facility, which manufactures products for transportation in the garbage, scrap and steel manufacturing industries including roll-off hoists, roll-off containers, compactors, self-dumping hoppers and securement systems, is fully operational and will continue to produce waste handling equipment.
“With GalFab’s long standing history in Winamac, we look forward to continuing our commitment to success in this community,” said Greg Podell, chief executive officer of GalFab Acquisitions. “GalFab seeks to provide and design the highest quality product to lead the future of the waste industry, and Indiana has continued to provide a talented pool of workers and business environment to help us achieve this.”
“Helping companies like GalFab recognize the value of doing business in Indiana is a top priority on day one for Governor Mike Pence. We look forward to celebrating many more announcements across the state as we work to further strengthen the many things we already know: Indiana has a low-cost, business-friendly climate with a talented workforce,” said Victor Smith, Indiana Secretary of Commerce.
As an incentive, The Indiana Economic Development Corporation offered GalFab Acquisitions, LLC up to $700,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, the city of Winamac approved additional property tax abatement at the request of Pulaski County Economic Development. GalFab Acquisitions, which will rehire 65 current GalFab, Inc. positions and create up to 20 new positions, plans to begin hiring additional manufacturing positions over the next year.