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ASV Holdings Plans Grand Rapids, Minnesota, Distribution Hub

12/28/2017
ASV Holdings Inc., a manufacturer of compact track and skid steer loaders for the construction market, is moving its parts distribution operations from Southaven, Mississippi, to a new site near its corporate headquarters and manufacturing plant in Grand Rapids, Minnesota.

The company will invest nearly $686,000 to open the new distribution center in 53,000 square feet of leased warehouse space in Grand Rapids. Earlier this year, ASV Holdings became a public company that trades on the NASDAQ market under the market symbol ASV.

The Minnesota Department of Employment and Economic Development (DEED) is supporting the project with a $125,000 loan from the Minnesota Investment Fund. If the company meets hiring and investment commitments, $50,000 of the loan will be forgiven.

In addition, Iron Range Resources and Rehabilitation is contributing a $300,000 loan.

According to the DEED, the move, which will bring 13 jobs to the Itasca County city of about 11,000, will enable the company to more effectively manage aftermarket parts distribution to its dealers and reduce operating costs. Under current arrangements, ASV subcontracts distribution with a third party in Mississippi.

“This investment will allow ASV to streamline operations and improve customer service by moving its parts distribution in-house in Grand Rapids,” said DEED Commissioner Shawntera Hardy. “This is a significant move that will keep the company a leader in the compact construction equipment market.”

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