After a pair of recent setbacks, New Haven, Ind., is finally getting some good news in the form of 125 jobs created through an Elkhart firm’s purchase of a local marine furniture maker.
The Fort Wayne News-Sentinel reported that Lippert Components Inc., which this month announced a $16 million deal to acquire Signature Seating, has filed an application with the Allen County Department of Planning Services for a “phase in” on its plan to install $678,160 in new equipment in the New Haven plant, which if approved by New Haven City Council would reduce its property taxes by $18,912 over five years. Lippert currently makes components for recreational vehicles, but the acquisition will allow it to enter the marine industry as well.
“We estimate that the market size for pontoon boat furniture is approximately $125 million, and we believe Signature’s strong relationships in (those) markets will help accelerate our growth in this adjacent industry,” Drew Industries Inc. President Scott Mereness said in a statement. Drew Industries is Lippert’s parent company.
The new jobs would pay average salaries of between $26,100 and $72,000 annually, according to the company’s paperwork.
For the full story click here.