MARION, Ind. (Sept. 20, 2017) – Stealth Trailers, a manufacturer of open and enclosed cargo trailers, announced plans today to establish a second location in Indiana, opening a new facility in Marion. As part of its growth, the company plans to create up to 115 new jobs by 2020.
“With the benefit of Indiana’s strong environment for manufacturing, Stealth Trailers has grown from a Hoosier startup into a major player in the trailer industry in less than 10 years,” said Elaine Bedel, president of the Indiana Economic Development Corporation (IEDC). “Indiana’s growing manufacturers like Stealth Trailer are supporting an industry that employs one in every five Hoosiers. As Stealth Trailers chooses to open its second manufacturing center in Indiana, we look forward to seeing what’s next for this Indiana company.”
The Bristol, Indiana-based company will lease and equip a 48,000-square-foot facility at 2703 W. 9th St. in Marion. Supplementing operations at its Bristol headquarters, the new facility will house complete trailer manufacturing operations, including trailer welding, assembly and final finishing. With the expanded production, the company will work to improve production lead time in support of its role as the market share leader of cargo trailers in the Midwest. With equipment installation currently underway, the company plans to launch operations at the facility by Oct. 1.
Stealth Trailers, which employs approximately 175 associates in Bristol, is currently hiring for positions across the company, including production supervisors, welders, office staff and general laborers. Interested applicants may apply by visiting www.stealthtrailer.com under the careers tab.
“After careful consideration of several locations, we have found the city of Marion, Grant County and the state of Indiana as the best possible solution for our expansion plans,” said Don Emahiser, president and chief operating officer of Stealth Trailers. “The support we have received and expect to receive in the future has been nothing short of tremendous.”
Founded in 2008, Stealth Trailers manufactures custom and standard trailers for customers across the Midwest. Offering trailers with a wide variety of sizes, colors and amenities, the company produces trailers ranging from small lawn trailers to large concession trailers. With a focus on unique design and aesthetics, the company’s trailers are sold by 150 dealers throughout the region.
“We are pleased that Stealth Trailers has chosen Marion to expand their operation,” said Marion Mayor Jess Alumbaugh. “This partnership will not only assist Stealth Trailers in increasing their productivity and growth, but it provides employment opportunities for those here in Marion and Grant County looking for a new career in manufacturing. We look forward to a long and prosperous relationship with Stealth Trailers.”
The IEDC offered Stealth Enterprises LLC up to $600,000 in conditional tax credits and up to $70,000 in training grants based on the company’s job creation plans. These incentives are performance based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Marion supports the project, and Northeast Indiana Works will provide additional hiring and training assistance.
As part of Governor Holcomb’s plan to make Indiana a magnet for job creation, the Next Level Jobs initiative includes two new grant programs designed to put Hoosiers to work in high-demand, high-wage industries, including manufacturing. The Workforce Ready Grant will skill-up adults to fill jobs in high-demand industries, while the Employer Training Grant will help offset employer costs for on-the-job training.
About Stealth Trailers Stealth Trailers is the value and volume leader in enclosed cargo trailers for the Midwest, and soon to be the entire country. Over the past decade, we’ve been committed to development and new innovation, smart use of materials, clear direction and to great products sold through an amazing dealer network. The Titan, Predator, Liberty and Raptor models have all been game changers in design when they were launched, and continue to be today. Other great models and plans are on the horizon. This winning combination of good looks, user-friendly features and all at the right price has put Stealth on the map to stay.
About IEDC The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.