Family-owned business set to purchase previous Footwear Industries of Tennessee building
Steel Warehouse officials announced today the company’s plans to expand in Jefferson City, locating in and retrofitting the former Footwear Industries of Tennessee building.
“We are incredibly grateful to the Jefferson City community and our strategic partners for their unwavering support as we embark on this exciting expansion. This investment reflects our commitment to innovation and growth, and we are eager to contribute to the economic development of this region. Together, we look forward to creating new opportunities and advancing the capabilities of the industries we serve,” said Ted Lerman, CEO, Steel Warehouse.
The project plans to create more than 70 new jobs with an investment of nearly $20 million in innovative equipment, which will support their strategic partners in the construction equipment, agriculture, lawn and garden, and truck and trailer industries, in addition to helping attract additional investment in the area.
“We are looking forward to opening this location in Jefferson City, Tennessee to be able to come into a community with such a great workforce and incredible vocational resources is a true blessing for us. We are excited to bring high-end industrial jobs into the area while partnering with local resources like TCAT and Jefferson County HS CTE to support JLG and many other key customers in Jefferson County and surrounding areas. Steel Warehouse has a 76-year legacy of long-term investment in people, facilities and communities. We look forward to doing the same thing in Jefferson City for years to come,”said Matt Black, Southern Region VP & GM, Steel Warehouse.
Steel Warehouse, a leading steel service center, has been operating since 1947, when founder Nathan Lerman opened production in South Bend, Indiana. Since its founding, the company has expanded to 15 locations across the United States, Mexico and Brazil. Distributing over 2 million tons of coil, sheet and plate annually in hot- and cold-rolled materials, Steel Warehouse caters to a diverse range of industries including aerospace, agriculture, automotive, construction, energy and transportation.
Steel Warehouse invests in its employees, offering focused job training, up-skilling and opportunities for advancement. This expansion will give Steel Warehouse its third location in the Volunteer State, in addition to its existing operations in Chattanooga and Memphis.
Since 2020, TNECD has supported more than 50 economic development projects in the East Tennessee region, resulting in nearly 10,000 job commitments and approximately $3 billion in capital.
Image by fanjianhua on Freepik.
Other stories you may want to check out:
