Manufacturer to beef up Frankfort operations, adding 160 jobs

Back to TopCommentsE-mailPrintBookmark and Share

LEP Special Fasteners Inc., a manufacturer of steel fasteners, plans to invest $27.6 million in expanding its operations in Frankfort, creating up to 160 jobs by 2015.

The firm, a subsidiary of Italy-based Fontana Fasteners Group, will relocate parts of its management, sales and distribution functions from Elgin, Ill., to Frankfort, and expand its existing manufacturing plant in the city by 250,000 square feet, according to company spokesperson Sabrina Caggiano.

LEP, which is based in Frankfort and currently employs 190 full-time employees in Indiana, plans to begin the hiring process for new administrative, management, sales and distribution associates in November.

The company specializes in manufacturing standard and to-print fasteners for the agricultural, transportation, construction and automotive markets. Its customers include Caterpillar Inc., Cummins Inc. and Chrysler.

The Indiana Economic Development Corp. offered LEP up to $3 million in performance-based tax credits and up to $200,000 in training grants based on the company's job creation plans. Clinton County has approved additional tax abatement.



Post a comment to this story

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

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ