Lenex Steel, an Indianapolis-based steel fabrication company, recently announced plans to acquire the former Interstate Welding & Fabrication building at 2325 South 6th Street in Terre Haute, Indiana. Lenex plans to create 60 new jobs by 2008 as a result of its acquisition of the 100,000 square foot facility. The company plans to invest more than $3.5 million in building improvements and equipment.
“Our company is enjoying tremendous growth at present,” said Lenex Steel owner and Purdue University graduate Mike Berghoff. “Our new Terre Haute facility will allow us to better serve our customers in western Indiana and Illinois.”
Lenex Steel was founded in 2002 by Berghoff to provide fabricated steel products and engineering design services for the construction industry. The company maintains its headquarters and two fabrication shops in Indianapolis. Lenex will continue to serve its eastern Indiana and Ohio clientele from its Indianapolis facilities.
Two recent projects that utilized Lenex Steel’s products and services include the Metropolis Mall in Plainfield, Ind. and the new Simon Headquarters building in downtown Indianapolis.
The Indiana Economic Development Corp. (IEDC) offered incentives including up to $45,000 in training grants and approximately $305,000 in tax credits based on job creation and capital investment.
The city of Terre Haute’s incentive offer consists of local property tax abatement as well $50,000 from city Economic Development Income Tax proceeds to assist the company with a minor on-site environmental mitigation issue.
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