A wholly-owned subsidiary of Drew Industries, Inc. Lippert intends to invest $678,160 in manufacturing, logistics and information technology equipment. The company is seeking a reduction in taxes of $19,000 over five years.
Having lost 250 manufacturing jobs at the Vera Bradley plant recently, New Haven’s Planning Director, Brian Yoh, said most of the proposed jobs are in sewing, upholstery, woodworking and assembly and would play into a skill set already possessed by area workers. The jobs would pay an average of $13 an hour, plus benefits.
Drew’s president, Scott Mereness, says Signature’s sales for the year ending in June were $16 million, and estimates sales of $125 million annually in the pontoon boat market. He added, “Beyond the marine market, we expect to utilize the Signature team to develop furniture solutions for the RV motor home market as well.”
Drew Industries, Inc., based in Elkhart, Indiana, is a component supplier to the manufactured home and recreational vehicle industries. One of Lippert’s top customers is Fairmont Homes of Nappanee, Indiana. ##
(Image credit: Lippert Components, Inc.)
