Sperry & Rice Manufacturing Co. LLC, a Brookville, Ind.-based rubber products producer, is expanding its manufacturing operations in Brookville.
Sperry & Rice, which makes rubber seals and hoses for the appliance, automotive and truck and bus industries, is consolidating some operations from the company's Killbuck, Ohio, facility into the site.
This consolidation allows the company to balance production and focus each plant on its process strengths to provide a higher level of service to our customers, said Jim Gregory, president and CEO of Sperry & Rice.
The expansion will create up to 40 new jobs by the end of 2010, according to the Indiana Economic Development Corp. The agency has offered Sperry & Rice up to $200,000 in performance-based tax credits based on the companys job-creation plans.
Franklin County will consider additional property tax abatement at the request of the Franklin County Economic Development Commission. Additionally, Sperry and Rice will receive a $500,000 grant from the city of Lawrenceburgs Regional Economic Development Grant program.
In August 2009, the company announced it would create 25 new jobs and offer advanced training to existing workers at the Brookville facility as the result of a state training grant and funding from the city of Lawrenceburgs Regional Economic Development Grant program.
Sperry & Rice was established in 2004 after Sperry Rubber & Plastics and Rice Chadwick Rubber Co. were acquired and combined. Today the company employs nearly 60 people in Brookville.