Tue Dec 19, 2017
Officials at Lippert Components have had a change of mind that is leading to a change in venue.
The Elkhart, Indiana company this year had said it would invest $19.1 million to build a new 380,000-square-foot industrial plant at Ryan and Edgerton roads in New Haven.
But instead the company will now make a smaller investment in the bigger former Nestle plant at 2909 Pleasant Center Road in Yoder in southern Allen County near Fort Wayne, according to Allen County Director of Redevelopment Elissa McGauley.
Lippert says it is investing $10.87 million in the former Nestle site – $2 million in improvements to the real estate, including a 764,177-square-foot building, and $8.8 million in new equipment, according to a story by The Journal Gazette.
That investment is about $8.2 million less than the company said it would spend on building from scratch at the New Haven site. But the building is about twice as large and the equipment expenditure is $5 million more.