MT. STERLING, Ky. (June 21, 2012) – Lt. Gov. Jerry Abramson joined local and company officials for a ribbon-cutting and grand opening for Black Mountain Door LLC today at a newly renovated facility at Flint Drive in Mt. Sterling. The facility will serve as the new home of Black Mountain Door, a leading supplier of hollow metal doors and frames for the commercial building industry. The site also will continue to manufacture structural automotive products marketed under the Global Automotive Systems brand name. The project entails a $27.5 million investment from the company and will result in 60 new, full-time jobs.
“It’s an honor to take part in the ribbon-cutting and welcome the Black Mountain Door team to Mt. Sterling,” Abramson said. “This is another example of how Kentucky’s pro-business climate and incentives can combine with company goals to result in millions of dollars in investment and provide jobs in the commonwealth.”
The Mt. Sterling site has long been a manufacturer of automotive structural components, including precision high-strength components for seating frames, hinges, and bumpers. The facility markets products under the Global Automotive Systems brand to direct customers including Toyota Boshoku, Johnson Controls Inc., and Avanzar Interior Technologies. The safety and structural products support larger systems in many leading automotive brands.
Black Mountain Door LLC has made significant investments to the Mt. Sterling site to add new capabilities to manufacture a broad range of steel doors and door frames for use in commercial, residential and industrial buildings. The company began installing equipment and training workers early in 2012. Black Mountain Door utilizes a patented laser welding process and advanced metal forming techniques to produce doors of exceptionally high manufacturing standards.
“We are enthusiastic to offer customers a strong American made product that is a fusion of technology and craftsmanship,” said Lynn Tilton, founder and CEO of Patriarch Partners. “Black Mountain Door is yet another demonstration of the Patriarch commitment to a revival of our nation’s manufacturing sector. Our investments in new capital and hiring of skilled workers will allow a collection of iconic American door brands to be rejuvenated under one roof.”
Patriarch Partners is a private equity firm and holding company managing 75 companies, including Black Mountain Door, with annual revenues of more than $8 billion. Founded by Wall Street veteran Lynn Tilton in 2000, Patriarch’s portfolio includes a broad range of industrial concerns including Dura Automotive Systems, Global Automotive Systems, Black Mountain Door, American LaFrance, Denali, and MD Helicopters, in addition to iconic American brands such as Rand McNally, Spiegel Catalogs, and Stila Cosmetics. Under Ms. Tilton’s leadership, Patriarch has become the largest woman-owned business in America, employing more than 120,000 employees.
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $2 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.
KEDFA also approved Black Mountain Door for tax benefits up to $61,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
“This is an exciting investment by Black Mountain Door,” said Sen. R.J. Palmer II of Winchester. “Mt. Sterling and the surrounding communities will reap the benefits of new jobs, economic growth and development. The Black Mountain Door decision to make this investment in Mt. Sterling speaks well of our workforce.”