Institutional Distributors, Inc., an East Bernstadt, KY-based subsidiary of Gordon, has signed a purchase agreement to acquire land in Shepherdsville for the new distribution center and to expand its distribution network into the greater Louisville area, the release said.
Terms of the deal were not disclosed.
Institutional Distributors received preliminary approval for the tax credits at an Aug. 28 meeting of the Kentucky Economic Development Finance Authority in Frankfort, according to a report in the Aug. 29 print edition of Business First. The project is expected to create 196 jobs. The new facility will be located off Kentucky Highway 480, east of Interstate 65 in Bullitt County. The release said construction could begin as early as next year, with a projected startup in 2006.
"We are excited about this location," Jim Gordon, executive vice president of Gordon, said in the release. "Not only does it position us geographically to better serve our customers in the region; it gives us a home in a community, which shares our corporate culture and values. We are particularly pleased with the quality of people we see in the Shepherdsville area employee pool."
The Shepherdsville facility will be the company's seventh distribution center in the United States and its second in Kentucky.