The Vestil transaction involved the construction of a 220,000-square-foot manufacturing and fulfillment center for Vestil Manufacturing Corporation, located in Angola, Indiana. The new facility provides the manufacturer of material handling equipment added space to manufacture, store, package, process, and distribute orders of loading dock equipment, fork truck attachments, industrial ladders, and more. Employing 435 full-time individuals, Vestil is the second largest private employer for the City of Angola and the expanded facility has created an additional 100 full-time, benefit-eligible jobs for the community. Approximately 80% of these positions will be accessible to a person possessing a high school diploma or less.
Located in a severely distressed, non-metropolitan community that has lost more than 2,700 manufacturing jobs between 2001 and 2010, generating employment opportunities is a priority for the City of Angola. The project received letters of support from the Office of the Mayor, the Steuben County Economic Development Corporation, the Community Humane Shelter of Steuben County, and Trine University.