MHS Holdings, Inc. (MHS), a leading global provider of advanced material handling automation solutions, engineering, equipment and software, is moving forward with plans to open a new manufacturing facility in Bowling Green, Kentucky after the Kentucky Economic Development Finance Authority (KEDFA) this week granted preliminary approval of a 10-year agreement that can provide up to $2.5 million in tax incentives.
In turn, 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. MHS is among the 10 largest integrators of material handling solutions worldwide and counts among its customers several prominent e-commerce and logistics providers, including UPS, FedEx Ground and Amazon.
This week’s announcement comes just two weeks after MHS announced plans earlier this month to acquire Michigan-based TGW U.S. Conveyors, formerly Ermanco, Inc., a division of TGW Logistics Group.
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.
“Our customers are experiencing new peak demand levels, which means our products and services are also in high demand. This facility will fill an important niche in our manufacturing process and ultimately helps us better serve those customers,” said Scott McReynolds, CEO, MHS. “We appreciate the KEDFA board’s support and the warm welcome from so many of the region’s leaders, and we look forward to becoming a valued member of the local business community.”
For more information, visit https://www.mhsglobal.com.