National Composites LLC will invest $4 million to expand its new American Recreational Products brand in Michigan.
The Troy, Mich.-based company expects to hire 59 people for the site in Fenton. National Composites has no more space at its existing operation in nearby Owosso, according to a news release from Michigan Gov. Gretchen Whitmer's office.
The existing building in Fenton has space to take on existing operations plus add another fiberglass production line.
National Composites produces large parts for end customers including John Deere, Navistar, Crest Marine and Avalon Pontoons.
The company made a handful of acquisitions in early 2020 as it grew from one location in Owosso to three facilities.
American Recreational Products is a new subsidiary that will specialize in small recreational items such as pedal boats with large sculpted heads in the shapes of ducks, swans and other animals.
"The opening of American Recreational Products will be a great new step for our company," National Composites CEO Adam Fenton said in the release. "It allows us to have a more targeted focus on the production of our proprietary boat lines, Paddle Wheeler and Boka Marine, as well as open up more capacity and job creation opportunities at our other Michigan facilities."
American Recreational Products will receive a $250,000 Michigan Business Development Program performance-based grant while the city of Fenton expect to approve a five-year Industrial Facilities Tax Abatement to help finance the project.