The company plans to invest $9.3 million and add 80,000 square feet to their facility in the Lebanon Business Park. The expansion will also create up to 65 new jobs.
“We are excited that Festool has chosen Lebanon to expand their North American Headquarters,” said Lebanon Mayor Matt Gentry. “Festool has been a valued member of our community and the Lebanon Business Park for more than 10 years.”
“Indiana is recognized as the best state in the Midwest for doing business, and our economic momentum continues to build thanks in large part to our strong manufacturing industry,” said Elaine Bedel, president of the Indiana Economic Development Corporation. “Faced with a world of options for growth, global companies like Festool are looking to Indiana and calling on our skilled workforce to move their businesses forward. We look forward to the company’s expanding future in Boone County and the impact it will have on Hoosiers across the region.”
Festool relocated its headquarters facility from California to Boone County in 2006, and in 2015 the company doubled its facility.
“’Festool is excited to once again expand its facilities in Lebanon, Indiana,” said Festool CFO Brian Goldthorpe. “The qualities that drew us to Lebanon 11 years ago have only improved over the years, and were a key factor in our decision making process. We appreciate all the support we have received from the community.”
About the Boone County Economic Development Corporation
A strong community is a united community, one that achieves balance between its residents and businesses. At the Boone County Economic Development Corporation, we seek the right economic opportunities to support strong communities and enhance the quality of life for all Boone County residents. We aim to be a catalyst for smart growth strategies. We forge mutually beneficial partnerships with organizations capable of understanding and further enriching the unique assets that the residents of Boone County have built. For more information, visit www.betterinboone.org.