Krone, a global manufacturer of hay and forage farming equipment, announced that it will relocate its North American corporate headquarters from Memphis, Tenn., to Shelbyville, Ind. The move is part of a comprehensive strategic plan by Krone to grow its business in North America.
The 110-year-old company, which is privately held and owned by Germany-based Bernard Krone Holding GmbH & Co. KG, will invest $12.5 million to construct a 200,000 sq. ft., state-of-the-art facility. In addition to the corporate headquarters, the complex, located on 40 acres in central Indiana, will also feature a distribution center, showroom and training facility. The transition will take place over the next three years, the announcement said.
"As Krone has continued its growth in North America, we realized the need for a larger, specially built facility to bring together our corporate headquarters, distribution center and training staff in a new state-of-the-art building centrally located in North America for our growing customer base," Krone president and chief executive officer, Tommy Jones said. "We were also drawn by the availability of a strong base of ag-focused talent, who will supplement our industry-leading internal staff."
Krone expects to add 40 additional professional and warehouse jobs over the next four years.
The new facility will put the headquarters and distribution center in a more central location that is more easily accessible to the largest portion of Krone's customer base. The new location will allow for more efficient delivery of parts and whole goods to customers and dealers, the announcement said.
"After much consideration, we identified the Shelbyville, Ind., community as the perfect fit for the future of our company," Jones explains. "Indiana has long shown its commitment to the agricultural industry, and we believe Shelbyville is the perfect, centralized location to showcase our industry-leading line of hay and forage products."
Construction on the new Shelbyville facility is set to begin the spring of 2017, with completion scheduled for the end of that year. Krone said it will operate out of both the Memphis and Shelbyville facilities until all positions have been relocated over approximately the next four years.