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[IEDC] RV Components Supplier Expands Again in Northern Indiana
Start Date: 3/13/2014Start Time: 12:00 AM
End Date: 3/13/2014
Entry Description
SOUTH BEND, Ind. (March 13, 2014) – Lippert Components, Inc., a subsidiary of Drew Industries Incorporated (NYSE: DW), announced plans today to expand its operations here, creating up to 200 new jobs by 2019.

The Elkhart County-based company, a tier-1 supplier of components for recreational vehicles, manufactured homes and other industries, plans to invest $6 million to lease and equip a 500,000 square-foot facility at 1902 W. Sample St. in South Bend, formerly the A.J. Wright Distribution Center. The facility, which is expected to be operational this year, will primarily centralize warehousing and distribution operations.

“The RV industry has found a strong home here in the Hoosier State,” said Governor Mike Pence. “Lippert Components' repeated selection of Indiana—including its parent company’s recent move to bring its headquarters here—shows why Indiana is a state that works. With our low taxes and affordable economic climate, Indiana businesses are able to keep costs down and employ Hoosiers who are prepared to get to work and keep our economy moving forward.”

Just last fall, Pence joined executives from Drew Industries, Lippert Components’ parent company, to celebrate the company’s opening of its new headquarters in Indiana. In April 2013, the RV components manufacturer announced plans to invest $12.75 million to relocate its headquarters from White Plains, N.Y. to Elkhart, Ind. and expand its manufacturing operations in Goshen and Elkhart, creating up to 800 new jobs by 2017. 

“We are excited about the opportunities that South Bend, Ind. brings to Lippert Components,” said Scott Mereness, president of Lippert Components. “We feel that this new facility allows us to better serve our customers, both inside and outside Elkhart County. The space at this facility also provides us room for future growth. Further, expanding into South Bend allows us to tap into an entirely new pool of talented employees.”

With more than 5,200 full-time employees across the country, Lippert Components currently has approximately 4,000 employees in Indiana. The company will begin hiring for this facility in St. Joseph County over the coming months.

Founded in 1956, Lippert Components supplies components for recreational vehicles, manufactured homes, buses, trailers used to haul boats, livestock, equipment and other cargo, truck caps, modular housing and factory-built mobile office units. From 32 factories located throughout the United States, the company’s products include steel chassis; vinyl and aluminum windows and screens; slide-out mechanisms and solutions; axles and suspension solutions; furniture and mattresses; thermoformed bath, kitchen and other products; manual, electric and hydraulic stabilizer and lifting systems; chassis components; entry, baggage, patio and ramp doors; entry steps; awnings; electronics; aluminum extrusions and other accessories. The company also supplies certain products to the aftermarket.

The Indiana Economic Development Corporation offered Lippert Components Manufacturing, Inc. up to $850,000 in conditional tax credits and up to $70,000 in training grants 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 South Bend will consider additional incentives.

“This is another sign of South Bend’s comeback,” said South Bend Deputy Mayor Mark Neal. “To have a company like LCI choose to expand here speaks to the economic opportunity the city offers.”

About Lippert Components
From 32 factories located throughout the United States, Lippert Components, Inc. (LCI®), a subsidiary of Drew Industries Incorporated (NYSE:DW), supplies a full line of components for the leading manufacturers of recreational vehicles and manufactured homes. In addition, Lippert Components manufactures components for adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo; modular housing; and factory-built mobile office units. Lippert Components products include steel chassis; vinyl and aluminum windows and screens; slide-out mechanisms and solutions; axles and suspension solutions; furniture and mattresses; thermoformed bath, kitchen and other products; manual, electric and hydraulic stabilizer and lifting systems; chassis components; entry, baggage, patio and ramp doors; entry steps; awnings; electronics; aluminum extrusions; and other accessories. Additional information about Lippert Components and its products can be found at www.LippertComponents.com.

About IEDC
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC. 

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov

  
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Media Contacts: 
Jarod Lippert (Lippert Components) – 574.312.6089 or jarodl@lci1.com  
Katelyn Hancock (IEDC) - 317.234.2294 or kahancock@iedc.in.gov
Contact Information:
Name: Katelyn Hancock
Phone: 317-234-2294
Email: kahancock@iedc.in.gov
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Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • Business & Employment
  • Agency Name
    Economic Development Corporation, Indiana

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