updated: 8/6/2010 7:47:55 AM
A LaPorte County extrusion manufacturer is adding 39 jobs over the next three years. Unitek Sealing Solutions Corp. has also announced the formation of Jaeger-Unitek Sealing Solutions follwing the company's recent purchase by Germany-based The Jaeger Group. The new company plans to invest more than $3 million into its LaPorte operations.
Source: Inside INdiana Business
LAPORTE, Ind. (Aug. 5, 2010) - Extrusion manufacturer, Unitek Sealing Solutions Corporation today announced the formation of Jaeger-Unitek Sealing Solutions, the result of the company's recent purchase by The Jaeger Group of Hannover, Germany. The new corporation plans to double its employment, adding 39 new jobs over the next three years.
Founded in 2006, LaPorte-based Unitek specializes in rubber extrusion components used in window, door and sunroof assemblies for the automotive industry. The new company plans to invest more than $3 million to add rubber and thermoplastic injection molding, cryogenic deflashing and robotic inspection to its 150,000 square-foot LaPorte operations.
"This announcement is great news for the companies involved, and especially for Hoosiers in northwest Indiana," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.
The new entity plans to begin hiring production associates immediately as new machinery and equipment are phased in at the facility.
"Jaeger-Unitek Sealing Solutions, Inc. is very excited about this acquisition and we have very aggressive growth plans for the LaPorte operation," said Mark Dilley, Jaeger-Unitek Sealing Solutions president. "We have an outstanding workforce that will serve as the nucleus for this expansion effort."
Unitek's current customers include Aisin, Nascote, Fuji, Johnan, North American Lighting and Delphi, among others, and the company plans to bring on additional European and American customers as a result of the formation of Jaeger-Unitek Sealing Solutions.
The Indiana Economic Development Corporation offered Jaeger-Unitek Sealing Solutions, Inc. up to $250,000 in performance-based tax credits and $20,000 in training grants based on the company's job creation plans. The company will participate in the city of LaPorte's urban enterprise zone association investment deduction program with the support of the Greater LaPorte Economic Development Corporation.
"The city of LaPorte is very excited with the formation of the new corporation, Jaeger-Unitek Sealing Solutions. The addition of new equipment at Jaeger-Unitek will not only preserve 39 current jobs but will create an additional 39 jobs over the next few years," said Mayor Kathy Chroback. "We are very excited that a local company is not only stabilizing, but expanding and adding jobs to our community's workforce during this rough economic time."
Indiana is home to more than 700 international companies including Rolls-Royce, Aisin, BAE Systems, ArcelorMittal, Bosch, Evonik, Siemens, Brevini Wind and Nestlé. Indiana is the only U.S. state with three Japanese automotive assembly plants, including Honda's newest facility, a combined Toyota/Subaru assembly plant, and a Toyota production facility.
About Jaeger-Unitek Sealing Solutions, Inc.
Formed through The Jaeger Group's acquisition of Unitek Sealing Solutions in 2010, Jaeger-Unitek Sealing Solutions, Inc. specializes in the production of high quality thermoplastic and rubber extrusions.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov .
Source: Indiana Economic Development Corporation