Tempur Sealy International, Inc. will locate its third domestic foam-pouring plant in Crawfordsville, Indiana. The $140 million project is expected to create 300 jobs.
According to company officials, the new state-of-the-art plant is expected to be the largest Tempur Sealy manufacturing facility in the world. Subject to closing conditions, the construction on the 130-acre site is expected to begin in the third quarter of 2021 with production beginning 2023.
"This facility underpins our commitment to expanding our global manufacturing footprint to fulfill the projected long-term demand trajectory for our industry leading products and support our growth initiatives,” said Tempur Sealy Chairman and CEO Scott Thompson. The facility will have the capabilities to manufacture a wide variety of bedding products and components for branded and non-branded operations, including Tempur-Pedic, Sealy, Stearns & Foster and OEM mattresses."
Pending approval, the Indiana Economic Development Corporation (IEDC) will offer Tempur Production USA LLC various tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and investments are made.
"After a thorough site search and evaluation process, we have identified Crawfordsville, Indiana as the ideal location for our new operations. We selected this location based on the robust business climate fostered by the state and local government, the quality of life the city of Crawfordsville provides its citizens and the property's access to major transportation routes," Thompson continued.
This new facility's location in the Midwest complements the Company's existing manufacturing footprint and is expected to enhance the Company's ability to service its Northeast customers. The first phase is planned for approximately 700,000 square feet, with the ability to double its capacity over time and to expand to a final size of approximately 1 million square feet in the future.