The company, a subsidiary of Italian-based Fontana Fasteners Group, will relocate parts of its management, sales and distribution functions of Fontana America, Inc. and Fontana USA, Inc. from Elgin, Ill. to Frankfort and expand and equip its current facility by 250,000 square feet. This expansion will more than double the existing capacity at the manufacturing plant.
LEP, which currently employs 190 full-time employees in Indiana, plans to begin the initial hiring process for new administrative, management, sales and distribution associates next month.
"Indiana was selected for the expansion and the investment because of the strong support of the state of Indiana and Clinton County for the project, the company's excellent employee base with its current workforce, the pro-business climate of the state of Indiana, and the advantageous geographic location for servicing its customer base," said Giuseppe Zichella, chief executive officer of LEP. "Being a family business, we are committed to success in the long run. The Fontana family businesses are based on strong, mutually beneficial relationships between employer, employee, the community and the environment. We believe LEP's core value of teamwork, responsibility and trust will ensure success."
LEP specializes in manufacturing standard and to-print fasteners for the agricultural, transportation, construction and automotive markets. The company's products can be found in famous structures including Chicago O'Hare Airport's United Airlines Terminal, Philadelphia's One Liberty Place Center and Cleveland's Progressive Field. LEP serves a broad manufacturing customer base including Caterpillar, Paccar, John Deere, Cummins, Chrysler and Volkswagen.
The Indiana Economic Development Corporation offered LEP Special Fasteners, Inc. up to $3,000,000 in performance-based tax credits and up to $200,000 in training grants based on the company's job creation plans. Clinton County has approved additional tax abatement.
About LEP Special Fasteners
LEP Special Fasteners specializes in manufacturing standard and to-print fasteners for the agricultural, transportation, construction and automotive markets. Its manufacturing, distribution and company offices are located in Frankfort, Ind. For more information about LEP Special Fasteners, please visit www.lepinc.com.
All comment postings require your name and email address for user verification only. Your email address will not be used or distributed for any other purpose.
No advertising is permitted and will result in the post being deleted and/or banning. Please click "REPORT" to report any inappropriate posts. blog comments powered by Disqus
Permission to Reproduce:
Unless otherwise stated, the copyright and similar rights to all material published on this website are owned by The Manufacturers Group Inc. DBA Manufacturing & Technology eJournal( mfrtech.com ). Reproduction of any article in print, electronic or any other form must acknowledge mfrtech.com as the Source and include a link to http://www.mfrtech.com