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Auto Parts Manufacturer to Place Operations in Indiana
HSAC Acquisition Corporation, a leading supplier to the automotive industry, announced November 27 that it will relocate its California operations to Fort Wayne, Ind., creating more than 145 new jobs by 2011.
The Gardena, Calif.-based company, which will do business as Hi-Shear Automotive, will invest more than $5 million to relocate its manufacturing operations to a 34,000-square-foot facility in southeast Fort Wayne with plans to begin operations at the facility by mid-2008.
"HSAC joins a growing list of companies, like Medco and Really Cool Foods, that are choosing to locate new operations in Indiana. We have worked hard to create a competitive business climate that encourages just this kind of investment, and this is another sign that our efforts are paying off and creating new jobs for hard-working Hoosiers," said Indiana Governor Mitch Daniels.
The company, which specializes in the manufacturing of wheel bearing retainer nuts and brake cable tension limiters, will begin hiring managers, engineers, clerical staff, warehouse specialists, maintenance technicians and production and assembly workers in mid-2008.
The relocation of HSAC follows Defiance Acquisition LLC
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 932 bearing | 160 | 235 | 60 |
| 930 bearing | 150 | 220 | 55 |