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Jun 08, 2021

Tempur Sealy Chooses Indiana for New Production Facility

Tempur Sealy International Inc. (NYSE: TPX), a global leader in the design, manufacture and distribution of bedding products, announced plans today to locate new operations in Indiana, creating approximately 300 new jobs in Crawfordsville by the end of 2025.

 



“Indiana has earned an international reputation as one of the best places to do business, offering global companies like Tempur Sealy a pro-growth climate and a skilled workforce,” said Governor Eric J. Holcomb. "The company choosing Indiana for growth over a world of other options demonstrates our state’s strong reputation of providing the best environment for manufacturing growth, and they can rest easy knowing they’ll be supported here for generations to come.”

 



Tempur Sealy, headquartered in Lexington, Kentucky, will invest more than $138 million to build and equip a 700,000-square-foot, state-of-the-art production facility on 130 acres in Crawfordsville. The new facility will be the company’s third foam pouring manufacturing facility in the U.S. and fourth in the world, with capacity to expand over time to be the company’s largest facility of its kind at approximately 1 million square feet. The new facility will manufacture a wide variety of bedding products and components and will enhance the company’s ability to service its northeast customers. Construction is slated to begin this fall and be complete by 2023.

Pending approval of the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will offer Tempur Production USA LLC up to $2.5 million in conditional tax credits based on the company’s job creation plans. The IEDC will also offer the company up to $1.1 million from the Hoosier Business Investment (HBI) tax credit program based on the company’s planned capital investment in Indiana, and up to $450,000 to the local community from the Industrial Development Grant Fund to support infrastructure improvements. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and investments are made. Montgomery County is considering additional incentives.




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