Breyden Products Invests $2.2 Million To Expand Its Columbia City, Indiana, Manufacturing Facility
Area Development Online News Desk (09/19/2013)
Breyden Products, Inc., a manufacturer of lacing tapes, twines and yarns for the military and aerospace industries, will invest $2.2 million to expand its headquarters in Columbia City, Indiana, creating up to 23 jobs by 2016. The company, which currently employs nearly 40 Hoosiers, plans to begin hiring for manufacturing positions by the end of the year.
“Indiana has been a wonderful place to have a business,” said Mike Zuber, Co-owner and Vice President of sales of Breyden Products. “Our economic development groups here in Whitley County and with the state are true partners and constantly look for ways for us to save money, help grow our business and ultimately hire more employees. We value our relationship with them.”
The company will purchase and equip a 35,000 square-foot facility on six acres in the Park 30 Business Center, a state certified shovel ready site in Whitley County. The expansion, which will be complete by the end of the year, will allow Breyden Products to expand production while maintaining its existing Columbia City facility.
Founded in 1991, Breyden Products produces mil spec lacing tapes, twines and yarns, which are used to secure and protect wire harnesses in electrical systems for aerospace clients such as the Boeing, Lockheed-Martin, Rolls-Royce, General Electric, Daimler-Chrysler Aerospace and British Aerospace. The company also manufactures cords, fiberglass tape, silicone tape, surge rope and cotton to produce electrical motors and transformers. With annual sales totaling more than $10 million, the company is actively seeking to enter new markets and acquire additional operations.
“Indiana companies are a key component to the supply chain serving our military,” said Eric Doden, President of the Indiana Economic Development Corporation. “As an important supply producer for aerospace clients, Breyden Products demonstrates the power of the Indiana economy helping to protect our service persons at home and overseas. I’m proud that with our pro-growth business environment, Indiana is a state that works for our country.”
The Indiana Economic Development Corporation offered Breyden Products, Inc. up to $100,000 in conditional tax credits and up to $25,500 in training grants 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. Whitley County approved additional tax abatement at the request of the Whitley County Economic Development Corporation.