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“Companies launched in Indiana have a knack for growing in Indiana—and growing quickly,” said Eric Doden, president of the Indiana Economic Development Corporation. “That’s because whether your business is in logistics or laboratory research, Hoosiers have the drive to build something strong. Companies like Langham Logistics, SAW Capital and Triclinic Labs are proving today just what’s possible here in Indiana.”
Langham Logistics will invest $933,000 to renovate its 306,000 square-foot warehouse and corporate headquarters facility on Indianapolis’ northwest side. Installing racking storage to accommodate the facility’s narrow isle configuration, the renovations will help the company leverage its current facility to meet growing demand for Langham Logistics’ global distribution services, which experienced a 27 percent rate of growth in 2014. Serving Fortune 500 companies in the industrial, life science and retail industries, the certified woman-owned business enterprise operates additional distribution locations in Evansville, Los Angeles and at the Indianapolis International Airport. Langham Logistics, which currently employs more than 80 Hoosiers, plans to create up to 20 new jobs by 2018 and has already begun hiring for international shipping, warehouse and administrative positions. Interested applicants may apply here.
SAW Capital LLC, a business solutions company, will renovate and equip its 260,000 square-foot warehouse in the Stout Field Industrial Park in Indianapolis, which is home to SAW Capital’s headquarters and its portfolio companies, including Grocers Supply Company, GS Transportation and Dugdale LLC. Installing new processing equipment, which is expected to be in production by June, the expansion will allow the company to meet demand from independent grocery stores, food service and online customers. SAW Capital portfolio companies have grown revenue by 65 percent in the last year and project 25 percent revenue growth in 2015. Recent acquisitions include Dugdale Beef, a wholesaler of beef, pork, poultry and seafood, CasperSMS, a text and email solutions provider for retail and medical clients, Heartland Markets and R&M Wholesale retail grocery stores. SAW Capital plans to create up to 29 new jobs by 2019 and has already begun hiring for information technology, customer service and skilled processing positions.
Pharmaceutical and fine chemical development company Triclinic Labs, Inc. is investing $6.13 million into a new 12,000 square-foot, custom-designed research and development facility in Lafayette. The new facility, which opened in February, is more than double the size of the company’s previous laboratory and office space in Tippecanoe County. Experiencing exceptional demand for its pharmaceutical analysis and development services, Triclinic Labs has already begun hiring for business development, analytical chemistry and organic chemistry positions. Currently employing a team of more than 18 Hoosiers, Triclinic Labs plans to create up to 10 new jobs by 2016 and is seeking applicants with a range of educational backgrounds and experiences.
The Indiana Economic Development Corporation offered Langham Logistics, Inc. up to $89,000 in conditional tax credits and up to $40,000 in training grants based on the company’s job creation plans. SAW Capital LLC was offered up to $160,000 in conditional tax credits and up to $80,000 in training grants based on the company’s job creation plans. Triclinic Labs, Inc. was offered up to $100,000 in conditional tax credits and up to $45,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the companies are not eligible to claim incentives.
The city of Indianapolis supports Langham Logistics’ and SAW Capital’s projects at the request of Develop Indy, a business unit of the Indy Chamber. Tippecanoe County approved additional incentives for Triclinic Labs at the request of Greater Lafayette Commerce.
High-resolution logos for Langham Logistics, SAW Capital and Triclinic Labs are available here.
About Langham Logistics
Langham Logistics opened its doors in 1988 to fill a void in the logistics marketplace. As an expertthird-party logistics company, Langham has combined a refreshing business philosophy of customer service with a tireless work ethic. Fueled by the passion of its three sibling founders, Cathy, Margaret, and John Langham, as well as a nimble, responsive team, the company’s mindshare has brought the creative thinking, innovation and flexibility often absent in larger logistics corporations.
Langham prides itself on demystifying the shipping process. The company offers a single-point solution for all modes of transportation and all types of fulfillment and distribution, ultimately helping companies reduce logistics costs and improve transit times.
About SAW Capital
SAW Capital is a business solutions company, providing management and investment services. Its portfolio companies include Casper SMS, a text and email messaging service; Dugdale LLC, wholesalers of meats, poultry & seafood; Grocers Supply, wholesalers of grocery products; Heartland Markets and R&M Wholesale, retail grocery stores; GS Transportation LLC, dedicated transportation and logistics; Papel LLC, manufacturers of paper products; SP Technologies LLC, manufacturers of the PowerQube family of electrical products; Telemed 20/20, a telehealth solutions provider; VoCare LLC, a telemed and personal safety response solution and WordSentry, a voice and written communication analytics provider.
About Triclinic Labs
Triclinic Labs, Inc. provides state-of-the-art contract pharmaceutical and fine chemical development services, with extensive materials analysis and cGMP method development and release capabilities.The company couples those services with patent prosecution and litigation support Triclinic Labs’ goal is to provide interpretation and guidance on how to make therapeutic programs more successful and ensure franchise success into the future.
About IEDC
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
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Media Contacts:
Holly Reynolds (Langham Logistics) – 317.471.5145 or [email protected]
Leslie Exendine (SAW Capital) – 660.221.5906 or [email protected]
Chasity Kuxhausen (Triclinic Labs) – 765.588.6200 or [email protected]
Katelyn Prentice (IEDC) – 317.234.2294 or [email protected]
Company Quotes:
“With the help of the IEDC, we are excited about the opportunity to continue to grow Langham Logistics to be a strong transportation and logistics presencein Indiana, the crossroads of America,” said Cathy Langham, co-owner of Langham Logistics.
“After reviewing a number of opportunities for expansion in other Midwest states we decided Indianapolis was the right place for us to concentrate our growth plans. Indianapolis is centrally located for distribution, has a great business climate and a diverse educated workforce,” said Scott Weaver, chief executive officer of SAW Capital.
“We’ve enjoyed tremendous growth and success since starting in a small lab in 2009. The availability of pharmaceutical talent and experience in Tippecanoe County and nearby counties is a big reason for our success. It’s difficult to find extensive chemistry development experience outside of major biotech hubs like San Diego, San Francisco and New England – but we have it here in Indiana,” said Shawn Comella, chief executive officer of Triclinic Labs.
Local Quote:
"This news is especially gratifying because this is a home-grown, life sciences company. Launched in Greater Lafayette just over five years ago in 900 square feet of space with two employees, Triclinic Lab has now completed construction and moved into just-built, 18,000-square-foot headquarters and laboratory. This success story is not only about solid state chemistry, it's about solid business growth. And that is good both for Tippecanoe County and Indiana. And because Triclinic works with top global pharmaceutical companies, this growth enhances our community's reputation globally,” said Tom Murtaugh, president of the Tippecanoe County Commissioners.
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