GREENWOOD, Ind. (Oct. 24, 2016) – Würth Service Supply Inc., a distributor of assembly and fastening materials for manufacturers, announced plans today to expand its headquarters in Indiana, creating up to 60 new jobs by 2020.
“Indiana is an international economy with almost 800 foreign-owned establishments that support more than 152,000 quality Hoosier jobs across the state,” said Governor Mike Pence. “Germany is the third-largest foreign investor in Indiana because job creators like the Würth Group recognize the benefits of doing business in a pro-growth state. As a global business, Würth Service Supply had a world of options to consider for this expansion, but identified Indiana as the best state to support its future. We look forward to watching Würth grow in Indiana, and I am confident our strong Hoosier workforce will help drive the company’s continued success.”
The company, which is part of Würth Industry North America (WINA) and owned by Germany-based Würth Group, will invest $11.5 million to construct and equip a 230,000-square-foot facility in Greenwood’s Southpoint Business Park near I-65. The new facility will add 82,000 square feet of space to the company’s headquarters, which is currently housed on the northwest side of Indianapolis. WINA, which now operates 10 businesses, has acquired four businesses within the last two years and has doubled in size since 2013. The company serves 85,000 OEM customers throughout the U.S. and Mexico, generating $700 million in sales and requiring the company to grow its operations and headquarters staff to keep up with demand.
“The Würth Group is very pleased to select Greenwood, Indiana, as its headquarters for Würth Service Supply and its divisional headquarters for Würth Industry North America,” said Marc Strandquist, executive vice president of Würth Group. “This continues our commitment to Indiana which started in 1948 with the establishment of Würth Service Supply. This location enhances our logistics network and will enable us to aggressively grow the business.”
Currently, Würth Service Supply employs 100 full-time Indiana associates at its headquarters and operates more than 15 facilities across the United States. The company, which broke ground on the new headquarters facility today, expects the facility to be complete by September 2017 and plans to begin hiring for warehouse and administrative positions next year.
“We are very excited about our future here at Würth Service Supply and are very happy to be able to continue to expand, grow and add local jobs right here in central Indiana,” said Marty Goeree, president of Würth Service Supply. “We are proud to continue the Würth tradition that is rich in history and excellence.”
Founded in 1945, the Würth Group is a global firm specializing in the trade of assembly and fastening materials, providing products, inventory management services, engineering support and continuous improvement reviews for clients. The company’s product line includes more than 100,000 products, including screws, screw accessories and anchors, tools, chemical technical products and protective equipment. Würth Group operates more than 400 companies in 80 countries and employs approximately 70,000 associates worldwide.
“It’s always flattering when a company as established and successful as Würth recognizes the many benefits of being located in Greenwood,” said Greenwood Mayor Mark W. Myers. “I had the pleasure of meeting executives of several well-established Japanese companies while in Tokyo last month, and the interest is similar. With a quality labor force, proximity to several major interstates, and the presence of other international companies like Endress+Hauser, Nestle and Nachi Technology, we anticipate global commercial interest in Greenwood will only continue to grow.”
The Indiana Economic Development Corporation offered Würth Service Supply up to $400,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Greenwood has approved additional incentives.