JASPER, Ind. (April 30, 2014) – Lt. Governor Sue Ellspermann joined executives from Jasper Engines & Transmissions, an engine, differential and transmission remanufacturer, today to announce the company’s plans to expand its operations here. This expansion will create up to 235 new jobs over the next three years.
The homegrown-Hoosier company plans to invest $6.9 million to purchase, renovate and equip a 220,000 square-foot facility located half a mile southwest of its 367,000 square-foot Jasper headquarters. The additional facility will house Jasper Engines & Transmissions’ transmission division and is expected to be operational this fall.
“Jasper Engines & Transmissions is a great Indiana economic success story. The company that has prospered and provided hundreds of jobs for Hoosiers for over 70 years is expanding again,” said Ellspermann. “We continue to see how our business-friendly tax and regulatory policies plus our dedicated workforce make Indiana a place where companies want to expand and locate. Our record-breaking job growth shows that Indiana truly is a state that works.”
According to Bingham Greenebaum Doll LLP partner William J. Kaiser Jr., the firm assisted and supported Jasper Engines & Transmissions in connection with the expansion of its manufacturing operations. “The firm is excited to be involved in this particular expansion,” said Kaiser. “So far, we have assisted in the acquisition of the new manufacturing facility, property planning and rezoning and with the local tax abatement application.”
“BGD currently enjoys a substantial general counsel relationship with Jasper Engines & Transmissions. The firm’s experience serving manufacturing clients made us the perfect for assisting Jasper Engines through the expansion proposal process,” he said. “We will continue to assist Jasper Engines & Transmissions as the project unfolds.”
Today’s announcement marks the third expansion by Jasper Engines & Transmissions in recent years, with the company exceeding its jobs goals on all previous projects. Jasper Engines & Transmissions currently employs more than 2,600 associates throughout the United States, including more than 1,445 in Indiana.
About Bingham Greenebaum Doll LLP
BGD is a progressive business law firm serving regional, national and international clientele. BGD attorneys are described by clients as responsive, aggressive and effective advocates. The firm continues the tradition of providing unparalleled client service in 2014; BGD’s practice groups accommodate 17 service areas and 12 different industries. For more information, visit www.bgdlegal.com.
About Jasper Engines & Transmissions
Jasper Engine & Transmission Exchange, founded in 1942, is a remanufacturer of drivetrain components, including gas and diesel engines, transmissions and differentials. The company also remanufactures marine components such as stern drives, outboard powerheads and lower units. Included in the product mix are engines and transmissions for performance and classic car restorations as well as engines and conversion systems for alternate fuel applications.