News Review
Newly Acquired Industrial Supply Company Plans for Expansion in Evansville
Posted Date: 7/10/2017

Imperial Fastener and Industrial Supply, a division of Haggard & Stocking Company, announced plans today to expand operations in Evansville. Currently located on Bergdolt Road, the industrial supplier will invest $1.5 million to construct a new 23,700 square-foot warehouse and office space at 4814 Spring Street.

“With so many cities competing for economic development opportunities, it speaks well of our city that Imperial Fastener & Industrial Supply has chosen to stay and expand here, in Evansville,” said Mayor Lloyd Winnecke. “Through its affiliation with Haggard & Stocking, the company’s quality products will be distributed across the country and around the globe.”

With construction scheduled to begin later this month, the company’s growth plan includes the addition of seven new jobs over the next two years.

In 2016, Haggard & Stocking acquired Evansville-based Imperial Fastener and Industrial Supply. Operating now as Imperial Fastener and Industrial Supply, a division of Haggard & Stocking, the company is a customer-oriented distribution business offering high quality fastening products and industrial supplies, servicing the production, maintenance, and construction industries.

At the request of the Growth Alliance for Greater Evansville, the City of Evansville at its meeting tonight will consider a 6-year tax phase-in on Imperial Fastener and Industrial Supply, a division of Haggard & Stocking Company’s real property investment of approximately $1.5 million.

About Haggard & Stocking Associates, Inc.
Headquartered in Indianapolis, IN, Haggard & Stocking Associates, Inc. has branch locations in Fort Wayne, IN; Waco, TX; Greensboro, NC; as well as stocking locations in eight other states. Experts in servicing the automotive, aerospace, foundry, machine tool, airline, heavy transportation, rail, woodworking, and metal fabrication markets, Haggard & Stocking Associates offers advanced product and technical support.

About the Growth Alliance
The Growth Alliance's business retention and expansion program offers resources and services to established businesses in Evansville/Vanderburgh County – with a goal of facilitating continual growth and success. A 501c3 nonprofit, the Growth Alliance is not membership based and consultations are free.

http://evansville.in.gov/index.aspx?page=9&recordid=2912&returnURL=%2Findex.aspx%3Fpage%3D1