Lebanon, Ind. – IBC Coatings, producer of advanced surface treatments for applications requiring significant wear and corrosion resistance, plans to invest nearly $5 million to expand its existing headquarters in Lebanon.
“The 19,000 square foot addition will allow IBC to expand our manufacturing capabilities to accommodate new, long-term contracts awarded by the Department of Defense,” said IBC President Dr. Solomon Berman. “We are excited to partner on this opportunity with the Boone EDC and the City of Lebanon on the next step in our commitment to growing in Boone County and the State of Indiana.”
IBC Coatings, located on Hendricks Drive, plans to hire up to 14 new employees and expand their facility by 19,000 square feet to accommodate a new production line, spending approximately $1.3 million in real property and $3.6 million in personal property.
“IBC Coatings has been a valued member of the Lebanon community for over 20 years,” said Lebanon Mayor Matt Gentry. “The business-friendly environment here continues to foster strong growth for existing companies as well as attracting new outside investment.”
IBC Coatings has been operating in Lebanon since 1996 and has expanded its services several times to cover new industries including oil and gas, aerospace, defense, automotive, metal forming, die casting, forging and molding.
“We are pleased that IBC Coatings, a long-standing local business, has chosen to expand again in Lebanon bringing with it increased investment and additional high-paying jobs,” said Boone County Economic Development Corporation Executive Director Molly Whitehead. “Boone County continues to be chosen as a prime place to grow and expand a business.”
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.