Safety products company to invest more than $18.2 million
FRANKFORT, Ky. (Aug. 8, 2013) — Brady Corp. plans to establish a manufacturing and distribution operation in Louisville, creating up to 121 new, full-time jobs and investing more than $18.2 million in the project.
After completing a multi-state search including sites in 60 cities, Brady chose Kentucky as the home of its latest manufacturing and distribution location for its Sorbent Products Company (SPC) operations. SPC is a leading manufacturer of synthetic sorbent materials used in industrial maintenance and environmental applications for spill clean-up, containment and control.
“We welcome Brady Corp. to Kentucky and are proud that this global company made Louisville its first choice for its new manufacturing and distribution facility,” said Gov. Steve Beshear.
Brady Corp. acquired SPC in 2007 and has decided to move the operation to Kentucky in order to accommodate additional investments to meet existing and future customer demands. The company will begin moving equipment into the new facility in early 2014 and expects to be in full production by late 2014. The facility will be on National Turnpike in Louisville, providing a strategic location central to 75 percent of SPC’s customers.
“The new manufacturing facility in Louisville will provide us with expanded capacity to accommodate additional equipment and other investments we are making to meet existing and future customer demands,” said Matt Williamson, president of Brady’s Identification Solutions business. “We were attracted to Louisville’s central location and availability of skilled workers and look forward to being part of the Louisville community.”
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $3 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
“Louisville is delighted to welcome Brady Worldwide as an exciting addition to our advanced manufacturing sector,” said Greater Louisville Inc. President and CEO Craig Richard. “It is gratifying to know that companies of Brady Worldwide’s caliber understand and appreciate Louisville’s thriving business community and competitive talent pool.”