Growing board game company in Lafayette – WISH-TV | Indianapolis News | Indiana weather
LAFAYETTE, Ind. (Inside INdiana Business) – A board game and puzzle maker is expanding its business in Tippecanoe County. Ludo Fact USA LLC has announced plans to invest $ 11 million to upgrade equipment at its Lafayette plant and create up to 114 jobs by the end of 2024. The company says the upgrades will allow it to increase production and support its rapidly growing customer base. in the USA.
Ludo Fact USA is a subsidiary of Ludo Fact GmbH, based in Germany, and was formed after the parent company acquired Jessup Paper, based in Lafayette, in 2016. The following year, the company announced a $ 13 million expansion that would create 75 jobs. Ludo Fact currently employs around 110 Hoosiers.
“Located in Lafayette, Indiana, we are at the crossroads of America, allowing us to reach the majority of our customers’ warehouses and distribution centers within two days,” said Lee Ramsey, vice president of Ludo Fact USA sales, in a press release. Release. “The quality and dedication of Lafayette’s workforce has proven to be an asset to Ludo Fact USA and our customers. “
Ludo Fact manufactures board games, puzzles and various packaging products such as hard boxes and cases for the gaming industry. The company claims that its sales increased by more than 50% last year and, as a result, it added a second team to Lafayette, hired 30 new employees and leased an additional 48,000 square foot warehouse adjacent to its 65,000 square foot production. establishment.
The company says it is currently hiring production staff.
Indiana Economic Development Corp. has offered Ludo Fact up to $ 825,000 in conditional tax credits, which the company cannot claim until Hoosier workers are hired for the new jobs. Additional incentives will be considered by officials in Tippecanoe County.