The Kentucky Economic Development Finance Authority (KEDFA) granted MHS Holdings, Inc. preliminary approval of a new manufacturing facility in Bowling Green, Kentucky. The material handling company plans to invest $7.6 million in the building, hoping to provide economic and tax benefits to the area while increasing its foothold in the industry as the world turns to e-commerce. MHS’ new facility news comes after news that it bought TGW U.S. Conveyors, set to close later this month.
Per Globenewswire:
- MHS plans to invest $7.6 million in the facility, which will create 200 new full-time jobs. The project is expected to have a total economic impact topping $327 million over a 10-year period.
- The new facility is planned for a 181,000-square-foot building in Kentucky Transpark and will be used to build steel structures for conveyor and sortation systems.
- In April 2017, MHS’s founders led the company through a recapitalization in partnership with Thomas H. Lee Partners, L.P. (THL), followed by a series of acquisitions that expanded the company’s global footprint, capabilities and product and service lines.
