Würth Service Supply Building New $11.5 Million Indiana HQ
Friday, October 28, 2016
Reposted from www.inddist.com/
Würth Service Supply, one of the world’s largest distributor of assembly and fastening products, is building a new, larger headquarters in Greenwood, IN.
The company says it will spend $11.5 million to build and equip the 230,000-square-foot facility in the Southpoint Business Park, creating up to 60 new jobs by 2020, the Indianapolis Business Journal has reported.
The company is part of Würth Industry North America (WINA) and owned by Germany-based Würth Group — No. 2 on Industrial Distribution's 2016 Big 50 List. The building will serve as headquarters for Würth Service Supply and its divisional headquarters for WINA.
WINA, which now operates 10 businesses, has acquired four companies in the last two years and has doubled in size since 2013. The company serves 85,000 OEM customers throughout the U.S. and Mexico, generating $700 million in sales.
“The Würth Group is very pleased to select Greenwood, Indiana, as its headquarters for Würth Service Supply and its divisional headquarters for Würth Industry North America,” said Marc Strandquist, executive vice president of Würth Group. “This continues our commitment to Indiana which started in 1948 with the establishment of Würth Service Supply. This location enhances our logistics network and will enable us to aggressively grow the business.”
Currently, Würth Service Supply employs 100 full-time Indiana associates at its existing headquarters and operates more than 15 facilities across the U.S., the IBJ reported.
Those employees and business operations will be relocated to the new headquarters.
The company expects the facility to be complete by September 2017 and it plans to begin hiring for warehouse and administrative positions next year, adding as many as 60 new positions by 2020.
The Würth Group is a global firm specializing in assembly and fastening materials, providing products, inventory management services, engineering support and continuous improvement reviews for customers.
The company’s product line reportedly includes more than 100,000 products, including screws, screw accessories and anchors, tools, chemical technical products and protective equipment. Würth Group operates more than 400 companies in 80 countries and employs approximately 80,000 associates worldwide.