The City of Evansville and economic development partners at the Growth Alliance for Greater Evansville are pleased to announce the expansion of MultiSeal Inc., a manufacturer of sealants and adhesives, creating 25 new jobs over the next 5 years.
“I appreciate MultiSeal’s 25-year history in our community and its commitment to continue growing the company and its workforce in Evansville,” Mayor Lloyd Winnecke said. “Expansion of the MultiSeal warehouse and operations on Hitch Peters Road will help ensure the company’s competitiveness and long-term success.”
The Evansville-based manufacturer will invest nearly $700,000 on a current development project to build a warehouse for their products processed at their 4320 Hitch Peters Road location. With this expansion, the company also plans to add new process lines. Founded in 1991, MultiSeal possesses a portfolio of significant compounding, profile extrusion and processes targeting automotive manufacturers, automotive aftermarket and industrial products. The company continues to renew and expand its services through research and development.
The company currently employs more than 90 associates with plans to hire 10 new positions in the immediate future.
At the request of the Growth Alliance for Greater Evansville, the Evansville City Council will consider approval of an incentive package that includes 7-year Tax Phase-in on real estate improvements and 5-year Tax Phase-in on personal property new to the state of Indiana.
About the Growth Alliance
The Growth Alliance for Greater Evansville provides comprehensive support to new and existing businesses to enhance the economic vitality of the City of Evansville and Vanderburgh County, Indiana. The company’s Business retention and expansion services are designed to encourage growth of existing businesses in Evansville and Vanderburgh County.