You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Dollar Tree buying rival Family Dollar
    Dollar store chains are duking it out.Dollar Tree Inc. said Monday that it is buying rival Family Dollar Stores Inc. for $8.
  • Earnings off at Franklin Electric Co.
    Franklin Electric Co. on Monday reported second-quarter earnings of $27.1 million, or 55 cents per diluted share, a 4 percent decline from the $28.
  • Profits drop no growth barrier
    Old National Bancorp is continuing its acquisition spree even as it reports second-quarter profit that was one-third less than last year’s comparable period.
Advertisement

Metaldyne to invest $8 million at Bluffton plant

Metaldyne M&A Bluffton, LLC, plans to invest more than $8 million in equipment and add jobs as part of an expansion that will benefit from a tax abatement.

Metaldyne makes transmission components for the automotive industry.

Wells County Economic Development said Wednesday that 13 jobs will be added to the 292 employees already at Metaldyne’s Bluffton plant, which is part of Metaldyne’s Drivetrain Products group. Average wage for the new employees will be more than $17 per hour.

The company received an abatement Tuesday from the Bluffton City Council.

Daun Spurgeon, engineering and maintenance director for the Bluffton plant, attended Tuesday’s council meeting along with Diane Johnson of Wells County Economic Development to request the $420,000, 10-year abatement. Along with purchasing new equipment, the company expects to expand its product line.

For more on this story, see Thursday's print edition of The Journal Gazette or visit www.journalgazette.net after 3 a.m. Thursday.

Advertisement