Jarden Home Brands considered out-of-state sites for a new distribution center to serve its growing consumer-products business, but company leaders opted to stay close to home.
Now based about 30 miles north in Daleville, the subsidiary of Jarden Corp.—the behemoth behind Yankee Candle, Crock-Pot and Mr. Coffee—plans to invest nearly $22 million to buy, renovate and equip a vacant 637,000-square-foot building in Fishers. IBJ broke the news Wednesday morning.
Jarden Home also plans to move its headquarters to the facility at 9999 E. 121st St., which includes about 40,000 square feet of office space (about twice as much as the company has now).
The location in the Exit 5 business park just off Interstate 69 was a big draw, CEO Chris Scherzinger told IBJ, as was a proposed incentives package from the town worth an estimated $1.1 million.
Then there’s the less-tangible advantage: Jarden Home's Florida-based parent company got its start in Muncie selling Ball canning jars as a spinoff from Ball Corp.
“There is a lot of emotional attachment for this business in Indiana,” Scherzinger said. “It’s where our roots are.”
Indeed, Ball jars remain one of the company’s most recognizable products. Other notable brands in the Jarden Home portfolio include Diamond tableware (think plastic cutlery, toothpicks and straws), Pine Mountain fire-building supplies and the U.S. Playing Card Co.
About 100 headquarters jobs will move to Fishers, and the company expects to consolidate some packaging and distribution functions from other locations. But most of the 292 jobs expected by the end of 2019 will be new, Scherzinger said.
Jarden’s 100-plus-employee manufacturing operation in Muncie will not be affected.
The Fishers Town Council is expected to consider a pair of property tax abatements at its next meeting July 21. This week, the council approved a preliminary measure starting the process without identifying the company.
The proposed deal calls for a two-year abatement of real estate taxes, plus a 10-year break on equipment and other personal property.
Jarden plans to spend about $9.5 million to acquire the building, $6.5 million to improve it and another $5.5 million to equip the facility.
Publicly traded Jarden is a Fortune 500 company that reported sales of $7.5 billion last year. It has more than 30,000 workers worldwide.