Berkshire Hathaway’s Forest River is expanding in Noble County, Indiana with the purchase of three buildings to house its IBEX Travel Trailer production, parts and service center. The facility will encompass 160,000 square feet in the Ligonier Industrial Park.
Forest River will also hire 500 employees over the next three years to work at the facility.
In addition, Forest River plans to spend $4.4 million for 65 acres in the industrial park to build three 95,000-square-foot buildings.
“I could not be prouder to welcome Forest River’s expansions in Ligonier,” said Ligonier Mayor Patty Fisel. “We know our workforce is a great fit for them and that they are a great employer. It is never easy to see jobs lost, as we did when Vibracoustic pulled out last year. This is a great transition and opportunity for us to keep our people working and the community growing.”
The city of Ligonier will consider a 10-year tax abatement on real property and personal property investments, as part of the incentives offered to Forest River. Other incentives that have already been announced, include the Ligonier Industrial Development Corp.’s agreement to invest in site preparation, and the Noble County Economic Development Corp. may invest in an additional access point to the facility.
© 2021 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.