On June 22, the state’s Tax Credit Authority approved a 5-year, 45 percent job creation tax credit for Stolle Machinery, which will help the company’s move to Vandalia.
Stolle Machinery is a tooling manufacturer for the can packaging industry that is based in Centennial, Colo. The company is moving its operations from the old Ultra Punch building, which is a leased facility on 3980 Benner Road in Miamisburg, to a building it owns on 7425 Webster St. in Vandalia.
This will allow the company to expand in the future, according to Michael Larson, Stolle’s vice president of Operations.
“We used to manufacture equipment and things there,” Larson said. “Essentially, all we’re doing is moving the business from Miamisburg to an owned facility there in Vandalia.”
The company had been at the Benner Road location for two years.
Stolle also plans to put a 15,000 square foot addition onto the Webster Street location, which will be renamed the Innovation Center.
Larson would not disclose how much the project would cost.
The move includes transferring nearly 40 full-time employees.
“The objective is that in five years to have between 80 and 100 people at (the Vandalia) facility,” Larson said.
The operations at the Webster Street address include making the tooling for the top of soft drink cans.
“That’s what we call the conversion end of our business,” Larson said.
Larson added that Stolle officials like the Vandalia location because of the potential to recruit based on its proximity to Interstate 70 and Interstate 75.
“The airport is there for us to be able to grow our after-market business,” Larson said.
“Location played a major part in the decision, and the Vandalia City Council’s ability to respond quickly to the opportunity also played a major role in the outcome,” Shackelford said.
Stolle also owns plants in Sidney and Canton.
“We’re employing about 250 people in Ohio,” Larson said. “We definitely want to stay in the area because the talent is in the area.”
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