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Trailer Manufacturer Expanding to Grant County

Wednesday, September 20, 2017 11:12 AM EDT Updated: Wednesday, September 20, 2017 11:14 AM EDT
By Alex Brown
Trailer Manufacturer Expanding to Grant County Stealth Trailers expects to begin production at the facility on October 1.

Bristol-based Stealth Trailers has announced plans to add a second Indiana location. Financial details were not disclosed, however the Indiana Economic Development Corp. says the new facility in Marion will create up to 115 jobs by 2020.

The cargo trailer manufacturer has already begun installing equipment inside the 48,000-square-foot Grant County facility. The company says the new location will house trailer manufacturing operations, including trailer welding, assembly, and final finishing. 

Stealth Trailers, which currently employs 175 in Bristol, expects to launch operations at the Marion facility by October 1.

"We are pleased that Stealth Trailers has chosen Marion to expand their operation," said Marion Mayor Jess Alumbaugh. "This partnership will not only assist Stealth Trailers in increasing their productivity and growth, but it provides employment opportunities for those here in Marion and Grant County looking for a new career in manufacturing."

The company is currently hiring for a variety of positions at the new location, including production supervisors, welders, office staff and general laborers. You can find more information on the jobs by clicking here.

The IEDC has offered Stealth Trailers parent, Stealth Enterprises LLC, up to $600,000 in conditional tax credits and up to $70,000 in training grants. Northeast Indiana Works will also be providing additional hiring and training assistance.

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Perspectives

Factors in determining your company’s value

Factors in determining your company’s value

Determining the right asking price is crucial for a successful sale. An accurate valuation of your business requires considering multiple factors, such as financial performance, assets, intellectual property, customer base, and market share. Careful analysis of your business's unique attributes and the current market landscape can aid in setting a competitive and realistic asking price. Here are some key points to consider regarding the influence of market pricing on the timing of a company sale....

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