The Herald Bulletin

Morning Update

Local Business

January 23, 2013

Three companies looking at Elwood’s old Plastech building

ANDERSON, Ind. — Three companies are considering expanding into Elwood’s old Plastech Decorating Systems building on Indiana 37, said Elwood spokesman Jeff Howe.

The 201,308-square-foot building has been vacant since shortly after the bankrupt company closed in 2008. The Elwood Redevelopment Commission, which has owned the property since May 2012, has it listed for about $2.6 million.

The interested companies include Noblesville-based utility auto body and custom truck builder Warner Bodies Inc. and an unspecified “major manufacturer” based in Japan, he said.

Howe wouldn’t give details on the third, but said it’s assembling data for a presentation to the Commission. He said that presentation would likely happen in the next few weeks.

Warner Bodies presented to the Redevelopment Commission and Board of Works last Wednesday, saying it was interested in the site. The company has tripled its number of employees since it opened in 1939.

Howe said representatives of the Japanese company will visit the site Feb. 7. He said that company’s interest stems from connections Mayor Ron Arnold made on a recent economic development trip to Japan.

“He (Arnold) got us on the radar,” Howe said. “This is a chance to maybe reap the benefits” of the trip.

Multiple messages left with the mayor’s office were not immediately returned.

Find Baylee Pulliam on Facebook, on Twitter @BayleeNPulliam or call 648-4250.

 

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