Mayor Ron Arnold was wearing a Warner Bodies T-shirt on Friday when the city formally finalized the legal agreements with Warner Bodies.
“I am personally very grateful to each and every one of you,” Arnold told a group of community leaders who gathered for the official signing of paperwork with the company. “We can do amazing things if we just work together."
The Noblesville-based company is relocating its headquarters and manufacturing facilities to Elwood, bringing a total of 150 jobs to the area within a five-year time frame. Company officials said they will retain about 60 of their current employees when they relocate. Warner also plans to invest more than $4 million in new manufacturing equipment.
The city has given the company a 10-year tax abatement on the new equipment.
Rick Manasek, president of Warner Bodies, said his company has already invested $1.3 million in renovations which are scheduled to be finalized Oct. 1. The company plans to begin its operations in January and close its Noblesville facility by 2015.
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