GalFab Acquisitions LLC, a waste equipment manufacturing company, is expanding operations in Winamac, Ind., and creating new jobs, the state said.
GalFab Acquisitions recently acquired the assets of GalFab Inc., which has operated in Winamac for the past 20 years. The new owner will invest $720,000 to lease, renovate and equip the former GalFab Inc. building.
The Indiana Economic Development Corporation is providing up to $700,000 in tax credits based on the company’s job creation plans.
GalFab Acquisitions is rehiring 65 current GalFab, Inc. positions and will create up to 20 new jobs over the next year, the state said.
“With GalFab’s long standing history in Winamac, we look forward to continuing our commitment to success in this community,” said Greg Podell, CEO of GalFab Acquisitions, in a statement. “GalFab seeks to provide and design the highest quality product to lead the future of the waste industry, and Indiana has continued to provide a talented pool of workers and business environment to help us achieve this.”
GalFab makes roll-off hoists, roll-off containers, compactors, self-dumping hoppers and securement systems for the garbage, scrap and steel manufacturing industries.
GalFab is now part of Wastebuilt Environmental Solutions LLC, which recently purchased the company along with Stepp Equipment Co., which provides equipment distribution to the waste and recycling industries.
Podell created Wastebuilt with the financial backing of Millbrook Capital Management, a New York City-based private investment firm.
Wastebuilt also has named Jerry Samson as vice president of sales and marketing. Samson, most recently, lead the sales group at Liberty Tire Recycling, the company said.
Source: Jim Johnson, Waste & Recylcing News