Connecticut-based Stanley Black & Decker Inc. plans to combine two of its manufacturing operations at a new facility in Greenfield, adding as many as 80 jobs in the next two years, state economic development officials said Friday.
About 100 employees at an existing Stanley-Bostich plant in Shelbyville will be transferred to the 220,000-square-foot facility in neighboring Hancock County. Stanley also will relocate a production line from East Greenwich, R.I.
“We outgrew our Shelbyville facility,” corporate spokesman Tim Perra told IBJ.
The lease took effect Friday, and the company will begin production and the new facility by March, Perra said. The transition is expected to be complete during 2012.
Workers at the Greenfield facility will make industrial, steel and wire fasteners, and assemble pneumatic tools, he said.
Indiana Economic Development Corp. offered the company as much as $600,000 in performance-based tax credits and $50,000 in training grants. The city of Greenfield plans to provide infrastructure assistance and tax abatements.
Stanley Black & Decker was formed in March when The Stanley Works completed its $3.5 billion purchase of power-toolmaker Black & Decker Corp. Stanley acquired Indianapolis-based Best Lock in 2003, giving it a foothold in the growing security business.
The combined company has nearly 40,000 employees worldwide.