Lafayette-based Wabash National Corp. (NYSE: WNC) has announced plans to invest more than $3 million into a manufacturing facility in Little Falls, Minnesota. The company plans to create more than 100 jobs over the next five years.
The investment is part of an overall $10 million plan to expand operations for the production of molded structural composites. The company is purchasing the Little Falls facility and expects to take ownership in April.
"We remain committed to transforming Wabash National into a more diversified industrial company with a broader array of products and services. Our expanding portfolio of composite offerings is instrumental to that goal," said Brent Yeagy, chief operating officer of Wabash national. "The expansion of our MSC manufacturing capabilities, as well as our new licensed ThermHex honeycomb core composite technology that we announced last year, highlight this growing competency in advanced composites."
While no specifics were released, the company says it will continue to grow its manufacturing operations for other composites in Lafayette and Frankfort.