updated: 2/5/2013 6:09:33 AM
Indianapolis-based Hahn Systems LLC is planning to expand its headquarters. The construction and industrial tools supplier says it intends to invest $900,000 to house its Southeastern Supply Co. division in a facility and add up to 20 jobs by 2016.
February 5, 2013
INDIANAPOLIS (Feb. 5, 2013) - Hahn Systems, LLC, a construction and industrial tools supplier, announced plans today to expand its headquarters here, creating up to 20 new jobs by 2016.
The homegrown-Hoosier company will invest $900,000 to purchase and equip a 27,000 square-foot facility located at 6312 Southeastern Ave. in Indianapolis. Hahn Systems will house its Southeastern Supply Co. (SESCO) division in the new facility, which is expected to be operational by June. The company, which employs 50 Hoosiers in Indiana, has already begun hiring additional sales, customer service and delivery associates.
"Hahn Systems supplies companies with the necessary tools to get the job done right. Likewise, our low-cost environment, expansive infrastructure and dynamic workforce are just a few of the many tools that make Indiana a state that works for business," said Eric Doden, president of the Indiana Economic Development Corporation.
Founded in 1938, Hahn Systems supplies construction and industrial tools, including nails, staples, abrasives and fasteners. The company added lines of lumber, dry wall and other masonry supplies to its service offerings through the purchase of SESCO in June 2012. With three facilities in Indiana as well as facilities in Kentucky and Michigan, Hahn Systems supplies to wood-based manufacturers, residential contractors and commercial contractors across the Midwest.
"Hahn Systems is excited to be making this investment in Indianapolis as part of the aggressive growth plans we have for our SESCO division," said Scott Brown, president of Hahn Systems. "SESCO will be increasing its office and warehouse capacity by more than 70 percent and will look to hire additional personnel to keep pace with forecasted revenue increases. We feel this is an ideal time to be investing in Indiana for the long term and are thankful for the state and local assistance required to make this investment a reality."
The Indiana Economic Development Corporation offered Hahn Systems, LLC up to $140,000 in conditional tax credits and up to $20,000 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. The city of Indianapolis approved additional tax abatement at the request of Develop Indy.
"Hahn Systems' success story begins right here in Indiana, from where they have been providing quality service for generations to contractors and manufacturers in their industry throughout the Midwest," said Indianapolis Mayor Greg Ballard. "Their expansion in Indianapolis further strengthens our city as a great place in which to do business, and I congratulate Hahn Systems on their continued growth."
The Milken Institute recently ranked Indianapolis 51st overall - and second in the Midwest - in its annual Best-Performing Cities index. The study ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth.
About Hahn Systems
Hahn Systems is in its 75th year of operation. The company is headquartered in Indianapolis with branches in Elkhart and Fort Wayne Ind., Louisville, Ky. and Livonia, Mich. Each Hahn branch is anchored with a warehouse facility (generally 3,000-5,000 sq ft) with our major stocking location containing over 40,000 square feet. Hahn supplies a full line of pneumatic tools, nails, staples, abrasives, adhesives and MRO supplies to wood based manufacturers and residential/commercial contractors throughout the Midwest.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: Indiana Economic Development Corp.