Toronto-based specialty packaging manufacturer IntraPac to build 80,000-sq.-ft. laminate tubes facility in Lawrenceburg, Indiana, relocating operations from New Jersey; state awards up to US$415,000 in tax credits
November 18, 2011
– IntraPac Group, a specialty packaging manufacturer for the personal care and pharmaceutical markets, announced today that it will locate a new facility here, creating up to 63 new jobs by 2012.
The company will relocate its operations from New Jersey to Lawrenceburg and build an 80,000 square-foot facility on approximately seven acres of land. Construction on the new manufacturing plant began in September and is expected to be operational in February.
"IntraPac's decision is further proof that Indiana has the best business climate in the country," said Governor Mitch Daniels. "This decision will bring important new jobs to Dearborn County and continues a national trend of companies relocating to Indiana and reaping the benefits of our low-tax economy and highly-skilled workforce."
Headquartered in Toronto, IntraPac has more than 250 employees in North America. It plans to begin hiring new manufacturing, clerical and sales associates in Lawrenceburg this December.
"The IntraPac Group initiated a search for a new location for our laminate tubes business with the goal of providing a new first class facility to satisfy the growing needs of our pharmaceutical and personal care customers," said Gary Ullman, chief executive officer of IntraPac. "We considered a number of sites across four states before deciding upon Lawrenceburg. The outstanding assistance and support we have received throughout this process from the state of Indiana, Dearborn County and the city has contributed greatly to making this exciting new plant for IntraPac a reality."
Founded in 2003, IntraPac designs and produces a vast array of packaging products including plastic bottles, closures, laminate and tin tubes, deodorant sticks, droppers and specialty coating services. Its seven production facilities span North and Central America, including locations in Virginia, New York and Costa Rica.
The Indiana Economic Development Corporation offered IntraPac up to $415,000 in conditional tax credits and up to $150,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Lawrenceburg awarded a grant to the company to aid in its relocation efforts with the help of the Dearborn County Economic Development Initiative.
"We are excited at the opportunity to bring 63 jobs to the city of Lawrenceburg and Dearborn County," said Michael Rozow, Jr., executive director of the Dearborn County Economic Development Initiative. "The company and developer have worked very hard to build a facility the community can be proud of."
IntraPac's announcement comes just a few days after Daniels joined executives from Exegistics, a veteran-owned, logistics service provider, to announce the company's decision to open its first Indiana facility in nearby Jennings County. The Illinois-based company will invest approximately $9 million to build and equip a rail-sided, distribution facility on a ten-acre campus in North Vernon. The project is expected to create up to 315 new jobs by 2014.
The IntraPac Group is a specialty packaging company that provides personal care and pharmaceutical packaging solutions. With seven production facilities that span North and Central America, our services include extrusion, injection and injection stretch blow molding, through injection molding, laminate & tin tube production and specialty coating equipment, customized decorating and assembly. We work with a wide array of materials including PET, HDPE, LDPE, polypropylene, aluminum barrier and plastic laminates, metals and specialty fluoropolymer coatings. For more information, visit www.intrapacgroup.com.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.