Saturday, February 02, 2019 1:00 am
Van Wert company to add 50 jobs
National Door and Trim, a family-owned business, plans to add 50 jobs, doubling its northwest Ohio workforce.
Continued market expansion in the commercial and residential divisions will result in the Van Wert company adding employees over the next three years, a news release said Friday. The company plans a capital investment of $850,000 for machinery and equipment and will maintain its 1189 Grill Road location.
“We are proud of the quality products we produce and we are excited about our new company relationships,” National Door and Trim President Tom Turnwald said in a statement. “We have been successful for four decades because of our employees and we are looking forward to adding to our team in Van Wert.”
Stacy Adam, executive director of the Van Wert Area Economic Development Corp., said officials are excited about the company's plans.
SDI buys 75% of Texas distributor
Steel Dynamics Inc. on Friday announced it struck a deal to acquire 75 percent of an Austin, Texas, flat roll steel distributor. United Steel Supply LLC's painted products are used for roofing and siding.
The $134 million purchase consists of $92 million cash and the assumption of $42 million in debt. Steel Dynamics, a Fort Wayne steelmaker, has an option to buy the remaining 25 percent.
Mark Millett, president and CEO, said the deal gives Steel Dynamics the opportunity to sell directly to an important market.
“United Steel Supply has a reputation for best-in-class service, short supply lead-times and strong customer relationships,” he said in a statement.
Pairing to offer mentoring program
The Northeast Indiana Regional Partnership and Diverse Talent Strategies have partnered to offer the Engage Mentoring program to area employers.
The initiative will help students connect with mentors in the business community and help employers attract, retain and develop talent.
The Engage Mentoring program uses proprietary software to help employees build the skills needed to be good mentors, as well as connect with qualified mentors.
“We are thrilled to offer the Engage Mentoring program to our employees,” Susan Boyd, vice president of human resources at Rea Magnet Wire, said in a statement. “Now more than ever, employers need resources and strategies for employee engagement and development.”
The program includes a Talent Executive Roundtable of key leaders meeting quarterly to discuss tactics and share best practices related to attracting, retaining and developing talent.
Groups help launch 318 businesses
The Indiana Small Business Development Center and Indiana Procurement Technical Assistance Center helped launch 318 small businesses and secure $86.3 million in government contracts for Hoosier businesses last year, the Indiana Economic Development Corp. announced Friday.
Together, the small businesses promised to create 1,554 new jobs. More than 508,000 small businesses employ 1.2 million workers in Indiana, according to Elaine Bedel, the IEDC's president.
“As a state, we're excited to celebrate not only another record-breaking year for job creation, but also for small business growth in Indiana,” she said in a statement.