Remanufactured lumber and plywood maker Great Lakes Forest Products will invest $7 million to create a sister company in Bristol, Ind., creating a potential 100 new jobs by 2022.

Woodworking Network reported that the sister company will produce laminated wood panels for the RV industry, which is concentrated heavily in northcentral Indiana. The $7 million investment will go toward purchasing and equipping the 115,000-square-foot facility.

The Indiana Economic Development Corporation is providing Great Lakes up to $500,000 in performance-based tax credits. The company must hire employees before receiving incentives. The town of Bristol approved more benefits.

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