$40M in manufacturing investments in Boone County
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Two Indiana manufacturers are preparing to invest millions of dollars to grow operations in Whitestown. The town says Weaver Popcorn Manufacturing and Indianapolis-based iwis drive systems LLC will make a combined investment of $40 million in the Boone County community.
Weaver Popcorn says it will invest $25 million in technology at their Whitestown plant to accelerate growth and double production of its snack food.
“Investing in its people, products, and technology has been at the forefront of this 94-year-old companies’ heritage.” said Tim Ingle, chief operating officer of Weaver Popcorn Manufacturing.
The popcorn plant in Whitestown currently employs more than 500 people. The company also has facilities in Grant County.
Meanwhile, iwis drive systems plans to invest approximately $15 million to build a 100,000-square-foot facility and create 20 jobs over the next three years.
The company manufactures chain systems and mechanical drive technology for a variety of industries, including automotive, industrial and agricultural equipment OEMs.
“Whitestown is an expanding and developing business community, and a perfect location for iwis to prosper and grow in the future. Everyone from Whitestown has made it easy to execute our building program,” said Glenn Walters, CEO of iwis.
The iwis project is set to break ground in summer 2022. The company currently operates a plant in Indy and employs 47 people.
The Boone County Economic Development Corp. says both companies are seeking economic incentive packages.