Germany-Based Board Game Producer Ludo Fact Expands in Lafayette, Indiana
The company plans to make significant investments in machinery and equipment, ensuring that its 62,500-square-foot facility at 4557 Dale Dr. is a quick and efficient one-stop-shop for customers, from production and assembly to packaging and shipping.
"Indiana's skilled labor, centralized location with strong infrastructure, and its quality of life were an exact match for our criteria," said Horst Walz, CEO & Owner of Ludo Fact Group. "It is a state that works on all relevant levels."
In order to increase its offerings in the North American market, the company established Ludo Fact USA after acquiring Jessup Paper Box in Lafayette and now plans to invest $13 million over the next five years to grow in Indiana.
The expansion, which will begin later this year, will allow Ludo Fact USA to increase its production of board games and puzzles by double digits each year, as well as continue operating its existing ridging box division, which services companies in the cosmetics, health and beauty, pharmaceutical and luxurious goods industries. To support its growth, the company plans to begin hiring this year for a variety of positions, including administrators, machine operators and skilled forklift operators.
As an incentive, Indiana Economic Development Corporation offered Ludo Fact USA up to $400,000 in conditional tax credits and up to $50,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives. In addition, Tippecanoe County supports the project at the request of the Greater Lafayette Commerce.
"Indiana is truly a global economy, with more than 800 foreign-owned businesses like Ludo Fact operating across the state," said Jim Schellinger, Indiana Secretary of Commerce. "As a state, we are committed to providing businesses a favorable economic environment that allows job creators to grow with confidence. We look forward to Ludo Fact's continued presence in Lafayette, creating new Hoosier jobs and furthering our strong partnerships with global corporations."
"Ludo Fact’s continued expansion in Lafayette, Indiana, continues to reaffirm the opportunity for international companies here in Tippecanoe County, said Tracy Brown, Tippecanoe County Commissioners. "We are proud of our partnership with Ludo Fact and their continued investment in our community.”
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