ARMSTRONG, Iowa -- Art's Way Manufacturing Inc. closed on a 190,000 square foot facility in West Union, Iowa, on April 30, 2010. The Company paid $1,270,000 for the building. A grant and loan of $65,000 from Iowa Economic Development Board will help offset expenses associated with building repairs and machinery and equipment. Art's Way is also eligible to receive $158,000 for job training. Art's Way continues to work with the Iowa Finance Authority, to obtain long term financing of the facility with industrial development bonds.

J. Ward McConnell Jr., executive chairman of the board, said, "We are very pleased to have acquired this facility. Our plans for this facility will be a combination of production of our ag lines and warehouse for finished products. We first intend to start shipping over some of our finished goods for distribution and then move over production lines of our forage boxes and hay rakes. The addition of this facility will allow us to gain valuable production space and will certainly allow us to accommodate any future acquisition. The West Union area has a very deep talent pool, and the $1.3 million factory and warehouse expansion will create approximately 45 new jobs. We are delighted to be part of the West Union community."

SOURCE: Art's Way.