Swiss-based security products company Dormakaba Group plans to nearly double the size of its manufacturing operations on the north side of Indianapolis in an expansion expected to create 165 high-paying jobs over the next two to three years.
State and local officials including Gov. Eric Holcomb and Indianapolis Mayor Joe Hogsett announced the news Thursday at Dormakaba Group’s facilities at East 75th Street and Binford Boulevard.
Dormakaba, which acquired the property when it purchased the mechanical security businesses from Stanley Black & Decker in early 2017, said it plans to establish its Access Solutions Americas segment headquarters at the site.
The company plans to build a 200,000-square-foot addition, increasing its manufacturing footprint to 430,000 square feet at the 50-acre site. Work is expected to start on the project this year, and the facility could be fully operational within three years.