Mansfield-King Invests $3.39 Million To Expand Indianapolis Headquarters
"Indiana is the ideal state in which to operate a manufacturing business," said Charles Haywood, president and owner of Mansfield-King. "With Mansfield-King and its affiliated companies growing so rapidly, Indiana's combination of worker talent, supportive government and history of manufacturing focus is invaluable to us. We look forward to continuing to contribute to growth in Indiana."
The company, which produces soaps, shampoos, conditioners and ointments, will invest $3.39 million in additional production, research and development and distribution equipment to service its growing customer base. As part of the project, Mansfield-King will also make building renovations and purchase new information technology equipment. Mansfield-King, currently has 46 full-time employees in Indiana, and plans to begin hiring additional manufacturing, production, logistics, quality control and customer service associates later this year.
"We're very pleased to see a homegrown, high-growth company like Mansfield-King continue to find success in our state," said Governor Mitch Daniels. "Mansfield-King's success reinforces Indiana's reputation as one of the best places to start and expand a business."
As part of an incentive package, Indiana Economic Development Corporation provided up to $1.25 million in conditional tax credits and up to $55,000 in job training grants based on the number of employees hired. The city of Indianapolis also approved additional property tax abatement at the request of Develop Indy.
"The outstanding expansion of this homegrown company over the years is a testament to the stable business climate we have here in Indianapolis and reflects the dedication of our industry leaders to strengthening our economy," said Indianapolis Mayor Greg Ballard. "Mansfield-King's commitment to triple its workforce and put millions of dollars in capital investment on Indianapolis' Westside will have a positive, long-term impact on our city."
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