Packaging Company Announces ExpansionPosted: Updated:
Auburn-based Rieke Corp. is planning to invest $7.5 million into expanding a Steuben County operation. The packaging company intends to add 15 workers by 2016 in Hamilton and already employs more than 200 in northeast Indiana. November 26, 2013
HAMILTON, Ind. (Nov. 26, 2013) - Rieke Corporation, a global manufacturer and distributor of specialty, highly-engineered closure and dispensing systems, announced plans today to expand its operations here, creating up to 15 new jobs by 2016.
The Auburn, Ind.-headquartered company, a subsidiary of Bloomfield Hills, Mich.-based TriMas Corporation, will invest $7.5 million to equip its existing 73,360 square-foot facility located at 2855 E. Bellefontaine Road in Hamilton. The expansion, which began in August, will allow the company to expand its capacity and capabilities, better serving its customers.
"With a solid foundation in low taxes and limited red tape, Indiana's business climate is ripe for companies looking to achieve an extra competitive edge," said Eric Doden, president of the Indiana Economic Development Corporation. "We've built Indiana into a state that works. With our skilled workforce and pro-growth policies, companies with a world of choices choose to remain operating in Indiana."
Rieke, which currently employs about 1,400 employees internationally, including more than 210 Hoosiers in Hamilton and Auburn, has already begun hiring skilled maintenance associates, skilled plastic mold setters and assembly operators. Interested applicants may apply online by going to the www.riekepackaging.com careers page.
"Rieke continues to expand into new markets while developing a robust program that meets our customers' innovative demands," said Lynn Brooks, president of Rieke. "Our ability to be on the leading edge as a global designer and manufacturer is aided by the education and technology provided at Indiana colleges and universities. The quality of the Indiana workforce contributes to our success and is the overwhelming reason Rieke continues to headquarter our business in Indiana."
Founded in 1921, Rieke's closure and dispensing systems are designed to enhance customers' ability to store, transport, process and dispense products. The company's global customer base includes the agricultural, food and beverage, household products, industrial, medical, nutraceutical, personal care and pharmaceutical markets. In September, Rieke was honored with the 2013 Indiana Governor's Award for Environmental Excellence for its commitment to reducing water and electric consumption, air emissions and landfill contribution. Rieke operates manufacturing facilities across the United States and around the world, including in Germany, China, Mexico and the United Kingdom.
The Indiana Economic Development Corporation offered Rieke Corporation up to $150,000 in training grants based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The town of Hamilton approved additional tax abatement at the request of the Steuben County Economic Development Corporation.
"We are pleased that Rieke is utilizing the Hamilton plant for their expanded product line," said Mary Vail, president of the Hamilton Town Council. "They've been an asset to our community for the past 11 years and we look forward to their future growth."
Just last week, Michigan-based PADNOS announced plans to locate its first Indiana plastics facility in Steuben County. The company, which manages scrap products for industrial and commercial accounts, plans to create up to 22 new jobs by 2016.
Headquartered in Auburn, Indiana , Rieke Packaging Systems has built its worldwide reputation on setting the standards in the packaging industry since 1921. The company is a leading manufacturer and distributor of premium-quality packaging products for the global commercial, industrial and consumer sectors. Rieke has market leadership in steel and plastic closure caps, drum enclosures, ring and levers, and specialty dispensing systems. For more information, visit www.riekepackaging.com.
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: The Indiana Economic Development Commission