Following Lippert Components acquisition of marine furniture maker Signature Seating, the company will add 125 jobs at the New Haven, Ind., facility.
Lippert Components, which this month announced a $16 million deal to acquire Signature Seating, has filed an application with the Allen County Department of Planning Services for a “phase in” on its plan to install $678,160 in new equipment in the New Haven plant, which if approved by New Haven City Council would reduce its property taxes by $18,912 over five years, the News-Sentinel reports.
Lippert currently makes components for RVs, but the acquisition will allow it to enter the marine industry as well.
“We estimate that the market size for pontoon boat furniture is approximately $125 million, and we believe Signature’s strong relationships in (those) markets will help accelerate our growth in this adjacent industry,” Drew Industries President Scott Mereness said in a statement. Drew Industries is Lippert’s parent company.
The new jobs would pay average salaries of between $26,100 and $72,000, according to the company’s paperwork.