A manufacturer based in Maryland is planning to move its headquarters to Carmel and beef up its presence in Fort Wayne. As part of the creation of the new office and manufacturing expansion, Precision Products Group intends to create up to 18 Indiana jobs by the end of the year.
The company will move equipment from Maryland, and eventually its full production load, to its Paramount Tube and Aardvark Straws subsidiary facilities in Fort Wayne.
Chief Executive Officer David Hooe says "expanding our production facilities in Fort Wayne has positioned us to reach a new segment of customers while allowing us to provide innovative solutions to our existing clientele. Relocating our corporate office to Carmel provides a centralized location with a strong talent pool and cost effective environment."
The company currently has a total of 150 workers, 60 of which are based in Indiana. Its other operations are in Ohio and China. Precision Products Group says the new jobs will pay close to double the average state wage. The company says it has already begun hiring sales, engineering and quality control positions.
Precision Products Group serves more than 1,300 customers and was founded in 1990. It could receive up to $252,000 from the Indiana Economic Development Corp. in conditional, job-creation-based incentives. It could also receive additional support from the cities of Carmel and Fort Wayne.