By Joseph Slacian
WABASH, Ind. – A longtime Wabash industry is under new ownership.
Scott Buehrer told the Wabash City Council that he closed a deal to purchase B. Walter & Co. on Oct. 13.
He appeared before the council seeking 10-year tax abatements for both real property and personal property.
“The tax abatement requests are related to investments I intend to make in the future here, related to building expansion and equipment acquisition to support intended business growth and increasing our employment,” he told the Council.
The company now employs 26 fulltime workers and between five and 10 temporary employees, Buehrer noted. He hopes to increase employment by at least 50 percent over the next four years.
Buehrer plans to invest $1.80 million on the real property and another $1.46 million for new machinery on the personal property side, according to Keith Gillenwater, President and CEO of the Economic Development Group of Wabash County.
Along with that, he said, Buehrer plans to add 12 employees.
The council approved the abatements.
It also approved a 10-year tax abatement for PaperWorks Industries to add more than $7 million in new equipment.
For more on both the abatements, see the Nov. 23 edition of The Paper of Wabash County.