Hydraulic startup jumps to Hancock County

Flodraulic Group Inc. is moving its headquarters from 3131 N. Franklin Road on the far-east side to the Mount Comfort area of Hancock County a few miles east.

The company, founded in 2003, distributes hydraulic, pneumatic and lubrication components.

The $2.6 million project will result in Flodraulic adding 11 workers, according to the Indiana Economic Development Corp., which committed up to $138,000 in tax credits, depending on job creation. The current headcount was not immediately available.

Some components distributed by Flodraulic are pneumatic parts made by its Franklin Road neighbor, SMC Corp. of America.

Japanese-owned SMC announced late last month that it will move its North American headquarters to Noblesville as part of a $45.5 million expansion that will create 275 jobs.

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