FORT WAYNE, Ind. (Inside INdiana Business) – An industrial valve manufacturer plans to grow operations in Fort Wayne. Strataflo Products, which is headquartered in the Allen County city, says it will invest up to $2.3 million to expand its existing production facility and nearly double its workforce by the end of 2024.
Strataflo plans to add 12,000 square feet to the facility, which will nearly double the size of the building, and add new machinery to meet demand.
“As we have developed new product lines over the last decade, we have progressed to the point where we’re beginning to outgrow our current facility. This expansion will position us for continued success right here in Fort Wayne,” said President and General Manager Andy Warner.
The company currently employs 12 in Fort Wayne and plans to add another 10 jobs. The 1939-founded company says it is looking to hire CNC machinists and a manufacturing engineer.
The Indiana Economic Development Corp. has offered the company up to $75,000 in conditional tax credits, which the company will not be eligible to claim until Hoosier workers are hired for the new jobs.