Vandor Corporation Expands Operations Through Asset Purchase in Statesville, NC
Vandor Corporation of Richmond, Indiana announces it has agreed to purchase the plastics injection molding assets of RPM Plastics, LLC on Speedball Road in Statesville, North Carolina and grow its operations from there. Over the next year, Vandor’s Speedball Road operations can be expected to continually expand.
“The Vandor family is impressed with the people and area of Statesville. Vandor can now better serve nearby wire and cable manufacturers with its Reel Options products throughout the Southeast Region,” said Alan Elder, Vandor CEO.
“We are excited that another fine national corporation has decided to expand its footprint in Statesville. Vandor is a leader in the wire and cable packaging and injection molding spaces and will fit nicely into our community,” said City of Statesville Mayor Costi Kutteh. “We look forward to their investment and the jobs they will bring.”
Partners involved in the project include the Economic Development Partnership of NC, NC Community College System, Mitchell Community College, Centralina Workforce Development Board, Iredell County Economic Development Corporation, City of Statesville, and Iredell County.
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Vandor just celebrated its 51st anniversary with considerable growth on the horizon. Vandor has been in business since 1972 and currently has over 225 employees, primarily located in its three Indiana manufacturing and warehousing facilities along with a growing number of remote assembly centers throughout North America. Headquartered in Richmond, Indiana, Vandor is privately held and committed to environmentally thoughtful products made with plastics, paperboard and/or wood (the majority of which is recycled). With more than 50 issued and pending patents, Vandor provides packaging solutions for the wire and cable industry and many other markets. Vandor enjoys steady growth and offers its Team Members competitive salaries, benefits and, importantly, great development opportunities. To learn more about Vandor, please visit www.vandorcorp.com
ABOUT Iredell EDC
Iredell County Economic Development Corporation (Iredell EDC) is a public-private partnership that promotes economic growth and stability in our community by supporting the creation of new jobs and encouraging investment. We accomplish this through new business attraction, support of existing industry, building a world-class workforce, and collaboration with our community to build prosperity for all. For more information contact
Jenn Bosser
919-412-9073
[email protected]
