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Albion-based Busche acquires Alabama manufacturing complex

October 22nd, 2012

News Coverage:
Indiana Economic Digest

Albion-based Busche acquires Alabama manufacturing complex

10/22/2012 
 
Bob Braley, News-Sun

ALBION — Albion-based Busche finalized negotiations today on a 263,000-square-foot manufacturing complex in Hartselle, Ala., the company announced in a press release.

The move gives Busche its first location outside northeast Indiana. The company said the move is intended to give it north and south options for its Computer Numeric Controlled production machining work.

With very few large machining operations in the south, Busche CEO and president Nick Busche said the move was a win-win situation for both Busche and Busche’s customers logistically.

Numerous major automotive manufacturers are located in or near Alabama, including BMW, Honda, Hyundai, Mercedes Benz, Mando and Volkswagen. Many original equipment manufacturers are building and expanding in the southern U.S.

The Alabama location is close to several suppliers of intricate raw castings and forgings, and will allow Busche a more competitive answer to growing freight costs, a press release said.

Busche is acquiring the building from CR Compressors LLC, a company in Emerson Electric’s Climate Technologies business section. Busche plans to retain the Emerson employees to make for a seamless transition.

Alabama Gov. Robert Bentley also sees the move as a good one for his state.

“With employment levels expected to grow to more than 200 employees within the next three years, Busche will be a major contributor to Alabama’s economic prosperity,” Bentley said.

Greg Canfield of the Alabama Department of Commerce expressed pride for his department’s role in bringing Busche to Alabama.

Busche has more than 600 employees at present, with locations in Albion and Kendallville, along with the new Alabama location. Busche specializes in machining intricate casting?s and forgings for the auto, agricultural and durable goods industries.

 
©Copyright 2012 KPC Media Group, Inc.

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