Master Spas plans big expansion
Fort Wayne-based Master Spas will invest $15.3 million to expand its operations with the purchase of a larger facility, creating as many as 107 new jobs over the next four years.
Founded in Fort Wayne in 1996, the company has experienced strong growth for the past several years. It claims to be the largest manufacturer of hot tubs made in the U.S. and the largest manufacturer of swim spas in the world.
The company announced Monday it plans to expand into the former Fort Wayne Plastics facility at 510 Sumpter Drive, which will bring Master Spas' total facility space to 460,000 square feet on 33 acres, an increase of 55 percent.
The new building is expected to be in full operation by January 2019. It will allow for continued growth of the operation and will become a state-of-the-art swim spa factory, including manufacturing, warehouse, research and development and a design center with new offices for the marketing and engineering departments. This will free up needed space in the existing building to expand the hot tub operation, allow for more parking, and make room for additional offices for its staff, which the company expects to grow to 550 employees within the year.
"We are very excited for the opportunity to continue growing right here in Fort Wayne," Terry Valmassoi, president of Master Spas, said in the announcement. "We pride ourselves on quality and innovation, and we know this new facility will help us remain an industry leader in the community we love."
Master Spas serves customers worldwide through a network of more than 300 independent dealers and contract service centers throughout the U.S., Canada and Europe.
The Indiana Economic Development Corp. offered Master Spas up to $550,000 in conditional tax credits and up to $75,000 in training grants based on the company's job creation plans. The Allen County Council is also expected to consider tax abatements for Master Spas’ eligible real and personal property investments.