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Verbatim: New manufacturer to establish northeast Indiana operation

ASHLEY, Ind. (Sept. 13, 2010) - Contract packager K-CoPACK LLC today announced it will locate a new bottling facility here, creating up to 35 jobs by 2013.

The company plans to invest nearly $1 million to locate its initial cleaning products production and packaging operation in an existing 74,000 square-foot facility, formerly occupied by another cleaning products manufacturer. Chris Petersen, the former site manager for the previous occupant, recently established K-CoPACK to provide contract packaging services of cleaning products for household, automotive, institutional and industrial applications for customers throughout the United States.

"The spirit of entrepreneurism that inspires business-minded citizens to start new ventures is the very core of the Indiana economy. We are pleased to support K-CoPACK and welcome the opportunities they will create for fellow Indiana residents," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.

The company plans to begin hiring production workers immediately and will continue to ramp up production over the next three years.

"I am looking forward to starting operations of our new business venture here in northeast Indiana," said Chris Petersen, K-CoPACK general manager. "The location in Ashley, with its close proximity to the interstate highway system, is strategically placed for nationwide distribution. I very much appreciate the investment Wayne Klink and his family have made in our operation as well as the support from the Indiana Economic Development Corporation, the Steuben County Economic Development Corporation and the city of Ashley. Their support has certainly assisted us in making the decision to bring manufacturing and manufacturing jobs to the area and state."

The Indiana Economic Development Corporation offered K-CoPACK LLC up to $125,000 in performance-based tax credits based on the company's job creation plans. The town of Ashley has approved additional property tax abatement at the request of the Steuben County Economic Development Corporation.

"We are elated for the new opportunity for unemployed members of our community to be put back to work and especially appreciate the involvement of the different entities and investors willing to work together to support the area economy," said Randy McEntarfer, Ashley town planner.

K-CoPACK's decision to locate its operations in Ashley follows July announcements that two Steuben County firms, Fuel Systems of Angola and Steffy Wood Products, will expand their operations, projecting a combined $4.8 million in new investment and more than 170 new jobs by 2013.

About IEDC

Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov .

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