Kentucky-based Tempur Sealy International Inc. (NYSE: TPX) will Thursday break ground on its 700,000-square-foot manufacturing facility in Crawfordsville. The bedding products manufacturer in June announced plans to invest $138 million to construct the plant and create 300 jobs by the end of 2025.
The company says the facility will produce a variety of bedding products and components, and will also enhance its ability to serve customers in the northeast part of the country. The plant will have room for further expansion up to 1 million square feet.
The facility will be Tempur Sealy’s third foam pouring manufacturing plant in the U.S. and fourth in the world. Construction is expected to be complete by 2023.
Tempur Sealy executives will be joined by Crawfordsville Mayor Todd Barton and representatives from the Indiana Economic Development Corp. and Montgomery County Commissioners for the groundbreaking ceremony, which is scheduled for 10 a.m. Thursday.