JASPER, Ind. (Dec. 16, 2011) - Stens, LLC, a global supplier of replacement parts for the outdoor power equipment industry, announced today that it will expand its headquarters here, creating up to 98 new jobs by 2015.
Stens, a division of Ariens Company, will invest $2.28 million to purchase, renovate and equip a 208,400 square-foot building at 1220 Power Dr. on the city's south side. Renovations on the facility, which will house the company's headquarters and distribution center, will begin next month. Operations will transfer to the new site in August when facility upgrades are expected to be complete.
"Stens is a true Hoosier success story and their continued expansion and global presence further establish Indiana as an international leader for business," said Governor Mitch Daniels. "Our low-tax policies and skilled workforce continue to attract jobs to all corners of our state and give global leaders like Stens the opportunity to succeed."
Stens launched in 1970 out of a one-room garage in Jasper as a seller and repairer of outdoor power equipment. The company has since expanded to more than 300 associates globally with distribution centers in six states and five countries. Stens, which currently has 180 employees in Indiana, will begin hiring new headquarter and distribution associates in Jasper within the next three months.
"Stens continues to expand our global market share with highly skilled associates and a leveraged infrastructure to grow in a very competitive global marketplace," said Peter Ariens, global aftermarket president of Stens. "We believe the state of Indiana is investing wisely in a strong business environment. Stens has thrived in Indiana over the past 40 years and we want to continue to be a part of that local, regional and state momentum."
Stens is an international supplier of replacement parts for the outdoor power equipment, landscape, rental, golf and construction industries. With 50,000 customers worldwide, the company exports goods to more than 50 countries, including Australia, Brazil, New Zealand and Ireland.
The Indiana Economic Development Corporation offered Stens, LLC up to $750,000 in conditional tax credits 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 Jasper has approved additional tax abatement at the request of the Dubois County Area Development Corporation.
"I am delighted that Stens is staying in Jasper and that they are growing," said Jasper Mayor Bill Schmitt. "I think that the excellent workforce in southwest Indiana helped play a large part in the company's decision to expand here. I would encourage other businesses looking to expand or to relocate to consider Jasper and Dubois County."
Stens' announcement to expand its Dubois County headquarters comes just over a month after AFCO Racing Products, a division of Speedway Motors, announced plans to expand in nearby Warrick County. The company will invest $3.7 million to purchase and equip a new retail facility in Boonville, adding up to 61 new jobs by 2014.
Stens is an international supplier of original and replacement parts for most major brands of outdoor power equipment. Stens is a respected member of the Outdoor Power Equipment Aftermarket Association, the American Rental Association, Golf Course Superintendents Association, STAFTDA, and other local and regional associations. Through its international businesses, Bynorm, Sovde, and Countax, Stens continues to build a global replacement parts brand. Stens, LLC is a subsidiary of Ariens Company, a manufacturer of premier lawn and garden equipment. For more about Stens and its products, visit www.stens.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.
Mitzi Keifer (Stens) - 812.482.2526 or firstname.lastname@example.org
Katelyn Hancock (IEDC) - 317.234.2294 or email@example.com
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