IBJNews

Alabama firm that irked suppliers promises to add 350 jobs

Back to TopCommentsE-mailPrintBookmark and Share

Advanced Metal Technologies of Indiana Inc., an auto and industrial parts maker owned by Alabama-based Whitesell Group, will locate its operations in Jeffersonville and add 350 jobs by 2015, the Indiana Economic Development Corp. announced Friday morning.

In December, AMT acquired the assets of MKM Machine Tool Company Inc., which had operated in Jeffersonville since 1953.

Whitesell’s and AMT’s acquisition of MKM drew questions from MKM suppliers, many of which were owed money by MKM before it went out of business. Whitesell became MKM’s largest secured creditor nearly a year before the business closed, without going bankrupt, and then Whitesell immediately bought out MKM’s assets.

Suppliers complained that MKM ramped up orders in the months leading up to its closure, and then left those large orders unpaid.

Now Whitesell and AMT plan to spend $19 million to lease, renovate and equip the former MKM plant, the IEDC said.

AMT already employs more than 130 people in Jeffersonville, of which 106 are former MKM workers. Its new hires will be in engineering, sales, administration and management. Jeffersonville is about 110 miles south of Indianapolis.

Founded in 1970, Whitesell Group operates manufacturing and distribution facilities at 14 locations across North America. In addition to AMT in Jeffersonville, the group also operates Whitesell Indiana, which has operations in Avon and Plainfield.

The state offered AMT up to $200,000 in training grants based on the company's job-creation plans.

"Indiana was selected as the location for AMT because of the state's pro-business climate and strong work force. AMT is committed to the state and will continue to invest, create new jobs and be a new model for American manufacturing,” Neil Whitesell, owner and CEO of Whitesell Group, said in a prepared statement.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

  2. Are you financially down and you need money to settle your dept,or you need money to start up a business or to invest on a huge business,we also offer Loans to individuals, Firms and cooperate bodies at low interest rate , loan terms determinant,Loan amount between the sum of $5,000.00 to $100,000,000.00. US Dollars And Euro. Loan for developing businesses a competitive edge/ business expansion. We Offer The Following Kinds Of Loans. Personal Loans (Secure and Unsecured) Business Loans (Secure and Unsecured) Consolidation Loan FIRST INFORMATIONS NEEDED ARE: BORROWER’S DATA’S INFORMATION,FILL AND RETURN FOR QUICK START UP PROCESS. Name:_________ Last Name:_________ Age:_________ Contact Address:_________ Country:_________ Amount Needed as Loan:_________ Loan Duration:_________ Phone Number__________ Monthly Income/Yearly Income:_________ Purpose for Loan:_________ Occupation:_________ How Soon is Loan Needed__________ Email via: albertbrownfirm@outlook.com

  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

ADVERTISEMENT