Revere Industries LLC has chosen to locate its international corporate headquarters in the Chase Tower in downtown Indianapolis. The company was formed in December to administer the combined operations for four companies of Charter Oak Capital Partners – Metal Powder Products, Ross Aluminum, Revere Aluminum and certain facilities of Titan Plastics Group – which employ more than 2,000 people worldwide.

The company expects to create 40 new jobs at its Indianapolis headquarters and is now up and running in its new Chase Tower offices. Revere considered sites in at least two other states.

“Indianapolis was the ideal location from which to run our combined operations. It has a vibrant existing business community, great amenities and an outstanding quality of life. Indianapolis is a world-class city in every respect and we’re very happy to be here,” said Elliot Archer, CEO of Revere Industries LLC.

Revere Industries LLC is a leading manufacturer of custom-engineered, high-performance metal and plastic components for the transportation, appliance, food packaging, lawn and garden, HVAC and other markets. The company operates through its Plastic Injection Molding, Rolled Aluminum, Powder Metallurgy, and Aluminum Casting Divisions, each of which apply technical innovation, cost-effective manufacturing and industry expertise to deliver value-added products to their served markets. Revere maintains manufacturing facilities in the U.S., Canada, Mexico, India, and China. Revere is a portfolio company of Charter Oak Capital Partners LP.

To assist the company, the state of Indiana, through the Indiana Economic Development Corp. (IEDC) offered economic development incentives, including up to $68,000 in training grants and up to $1.2 million in tax credits based on anticipated employment and capital investment levels. Recruitment assessment and employee selection assistance will be provided through the Indiana Department of Workforce Development.

The city of Indianapolis assisted Revere with incentives that included a 10-year tax abatement on nearly $1.3 million in real and personal property investments expected to save the company more than $71,000 over the life of the abatement which requires the retention of two top executive jobs and creation of 40 additional high-paying jobs by the end of 2010.