Growth Prompts Exotic Wood Supplier to Relocate, Expand in Jeffersonville


JEFFERSONVILLE, Ind. (Jan. 11, 2008) - Carl F. Booth Veneers, a provider of exotic wood veneers to the executive aircraft industry, announced today it will relocate its New Albany operations here, creating 60 new jobs.

The supplier of veneer wood products will close its New Albany facility and relocate its operation and rare wood inventory to a yet to be built 100,000-square-foot facility in Jeffersonville by the first quarter of 2009.

"Carl F. Booth Veneers is a home-grown Hoosier company that continues to create opportunities for Hoosiers in Southeast Indiana and builds on our strength in the hardwoods industry," said Governor Mitch Daniels.

Carl F. Booth Veneers, a division of executive aircraft specialist DeCrane Aerospace Inc., will begin hiring sales staff and manufacturing specialists in 2008. The company, which employs 74 at its New Albany site, will use the new larger facility in Jeffersonville to increase production efficiency and meet the growing demand for its custom cabinetry, furniture, door and veneer components found in executive and head of state aircraft, yachts and offices around the world.

"Being land-locked at our current facility and with the private and business aviation industry growing at twenty percent per year, a larger facility is necessary to meet the on-time delivery requirements that our customers have come to expect," said Carl F. Booth, General Manager of Carl F. Booth Veneers.

The Indiana Economic Development Corporation offered Carl F. Booth Veneers up to $550,000 in performance-based tax credits and up to $72,000 in training grants based on the company's job creation plans. The City of Jeffersonville with the assistance of regional economic development group One Southern Indiana will provide the company with property tax abatement through its Urban Enterprise Zone.

"We are excited that Carl F. Booth Veneers chose to remain in Southern Indiana and elated they will grow their business here in Jeffersonville," said City of Jeffersonville Mayor Tom Galligan, "retaining the jobs we have in Southern Indiana is just as important as attracting new business to our area," he added.

The expansion of the wood supplier's operation in Southern Indiana marks the second hardwoods company in the region to announce growth plans in less than a month. In December office furniture giant OFS Brands announced its plans to expand its national headquarters and manufacturing operations in Huntingburg, creating more than 300 new jobs.

About Carl F. Booth Veneers

Carl F. Booth has been a premier supplier of fire treated veneer wood products for corporate and head-of-state aircraft since 1976. Carl F. Booth manufactures veneer plywood that's just 1.8 mm thick, consisting of three plies of the world's finest, rarest, most prized veneers. The veneers are produced from the company's multi-million-dollar inventory of 750 logs, many of which are centuries old. More than 150 tree species and cuts are represented, gathered from every continent except Antarctica. For more information about Carl F. Booth Veneers, visit http://decraneaerospace.com/Booth/About.aspx.

About IEDC

Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Indiana Secretary of Commerce Nathan Feltman serves as the chief executive officer of the IEDC. Since Daniels created the IEDC, the state has posted three consecutive years of record-breaking job creation. The job growth comes as Bureau of Labor Statistics shows for the sixth consecutive month that Indiana has the lowest unemployment in the Midwest. For more information about IEDC, visit www.iedc.in.gov.

Media Contacts:
Carl F. Booth (Carl F. Booth Veneers)

812.944.2890

Mitch Frazier (IEDC)

317.232.8873 or

MFrazier@iedc.in.gov

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