Killbuck, Ohio — Sperry & Rice LLC is expanding its Holmes County, Ohio, operations to increase production.
The move is expected to add 30 jobs during the next three years.
The manufacturer, which has been in the rubber, sponge and plastics businesses since the 1940s, termed the investment as "significant."
"We plan to make a significant investment to implement this strategic expansion," CEO Randy Dobbs said in a statement. "The investment includes the purchase of new manufacturing equipment, upgrades to existing equipment and costs associated with finding and retaining good employees."
The company could not be reached for additional comment, but the nonprofit economic development organization JobsOhio provided some details.
The 30 additional jobs are expected to create a total of $968,000 in new payroll, JobsOhio reports. The project also will help the company retain 53 existing positions at the Ohio facility.
Sperry & Rice is investing $250,000 of its own money into the project, the group said.
The company, which also has a location in Brookville, Ind., said the project in Ohio will better utilize its Killbuck location.
JobsOhio is helping with a $200,000 economic development grant to help purchase new equipment and upgrade existing equipment.
"The offer of assistance from JobsOhio played an important role in the final decision to grow the operation in Killbuck," Dobbs said.
Sperry & Rice plans to create the 30 new jobs at the Killbuck facility over the next three years.
"In recent years, the community suffered a significant loss of jobs with the departure of a large employer, so we are pleased that Sperry & Rice will be adding a number of attractive employment positions," Mark Leininger, director of the Holmes County Economic Development Council, said in a statement.
Sperry & Rice specializes in making products for the appliance, automotive, truck and bus, and heating, ventilation and air conditioning sectors.
JobsOhio worked with regional economic development groups around the state, including Ohio Southeast Economic Development, for this project.
"Sperry & Rice has a long history of ingenuity and quality products. Holmes County has a reputation for an excellent work force. It's a powerful combination," OhioSE President Mike Jacoby said in a statement.