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 Economic Development News 
Wednesday, June 05 2019

Evansville, IN -- EFP, LLC, a leading manufacturer and converter of expanded foam protective packaging, announced plans to locate its 4th U.S. manufacturing location in the Vanderburgh Industrial Park, creating 29 new jobs by 2020.

"We're thrilled EFP has selected Vanderburgh County for its fourth manufacturing facility," said Elaine Bedel, president of the Indiana Economic Development Corporation (IEDC). "EFP's commitment to add an additional Indiana manufacturing operation is a testament to the pro-growth business climate that we work hard to provide every day. Indiana leads the nation in manufacturing because of companies like EFP, and we're thrilled to watch its continued success in our state."

EFP will invest more than $2.1 million to lease a 100,000 square-foot shell building – completed last November by Woodward Development and Construction, Inc. – in the Vanderburgh Industrial Park. In addition, EFP will invest $4.5 million in production equipment to design, mold and fabricate expanded foam products serving the consumer protective packaging, thermal temperature assurance, recreational vehicles, and building and construction products markets. The company plans to be operational in the new facility by November. 

The company has hired a plant manager and plans to hire 29 team members late this summer for both manufacturing and professional positions.

Founded in 1954, EFP operates as a subsidiary of J.B. Poindexter & Co. a privately held, diversified manufacturing company with operating subsidiaries throughout North America. Headquartered in Elkhart, Indiana, EFP has locations in Decatur, Alabama, La Vergne, Tennessee and now Evansville, Indiana providing coverage to mid-America from Canada to the Gulf of Mexico.

“EFP Corporation’s decision to locate and invest in Vanderburgh County after thoroughly investigating other locations is a strong show of confidence in our community and specialized local workforce, said Ben Shoulders, president of the Vanderburgh County Commission. “We thank EFP for choosing Vanderburgh County as the best site for the company’s future growth and prosperity.”

To encourage the investment and job creation, the Growth Alliance for Greater Evansville will recommend before Vanderburgh County Council an incentive package including 6-year Tax Phase-In on both real and personal property investments the company intends to make.

The Indiana Economic Development Corporation (IEDC) offered EFP up to $125,000 in conditional tax credits based on the company's job creation and investment plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.

About EFP Corporation
EFP, LLC is a leading manufacturer and converter of expanded foam protective packaging. Founded in 1954, EFP operates as a subsidiary of J.B. Poindexter & Co. a privately held, diversified manufacturing company with operating subsidiaries throughout North America. Headquartered in Elkhart, Indiana, EFP has locations in Decatur, Alabama, La Vergne, Tennessee and now Evansville, Indiana providing coverage to mid-America from Canada to the Gulf of Mexico.

About Growth Alliance for Greater Evansville
The Growth Alliance leads Vanderburgh County’s economic development efforts assisting companies with growth plans in and into Vanderburgh County. The Growth Alliance manages many initiatives, including investment-based tax incentives for new and existing companies, management of Evansville’s startup business incubator–Innovation Pointe–and management of Cowork Evansville.

Media Contact: 
Ellen Horan (Growth Alliance) – 812.401.4243 or ellen@growthallianceevv.com
Erin Sweitzer (IEDC) – 317.296.2556 or esweitzer@iedc.in.gov

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 01:37 pm   |  Permalink   |  Email

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