Wabash Buys Shuttered Boat Factory in Minnesota

Wabash National has acquired for $3 million the just-shuttered Larson Boat plant in Little Falls, Minn., and says it will invest $11 million to renovate and equip the plant on a vast 53-acre site on the Mississippi River, with plenty of room for expansion, according to the Minneapolis Star-Tribune.

Wabash National has acquired for $3 million the just-shuttered Larson Boat plant in Little Falls, Minn., and says it will invest $11 million to renovate and equip the plant on a vast 53-acre site on the Mississippi River, with plenty of room for expansion, according to the Minneapolis Star-Tribune.

Wabash has pledged to employ 70 by 2019 and 100 or more within five years. Workers will make the company’s next-generation molded structural composite interiors for refrigerated and other trailers.

Mayor Greg Zylka said Wabash has been more optimistic in private about its expansion and hiring plans for a workforce that will start at $18.18 per hour, a good wage in Morrison County, plus health benefits, vacation and a 401(k) retirement plan.

“They are a large company with financial backing, and I believe there are vendors who will follow them here eventually,” Zylka said. “They were conservative in saying they’ll hire 50 to 75 in the first year or so.”

The full story is here.

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish