“We’re growing. We anticipate the need for additional space,” John Heekin, president and founder, said Monday. “We hope to start moving in this spring.”
Lebanon City Council is expected tonight to approve a lease and inducement agreement transferring to Fecon Superior Walls’ lease and economic development agreement.
“Fecon’s one of our premier industrial companies,” said Jason Millard, economic development director in Lebanon.
The city also expects to transfer to Fecon a 3.55‐acre tract to the rear of the Superior Walls’ facility for future expansion.
Fecon has several new tractors and products under development, according to Millard. The city has been working with the company since December 2012 on the deal, Millard said in a summary for city council.
Fecon, established in 1992 in Evendale, is an international supplier of mulching equipment used in right-of-way and land clearing, firebreaks, pasture restoration and wildlife restoration.
The company moved in 2004 to a new 56,000 square foot manufacturing facility at 3460 Grant in Lebanon in the Columbia Business Park and expanded in 2008 into an additional 55,000 square feet on this property.
The company has 108 workers and a $5.9 million annual payroll, according to the staff summary. Over three years, the company is expected to add 30 employees.
Fecon is expected to acquire the building and spend $1.5 million on improvements for the company’s engineering department and tractor assembly operations, Heekin said.
Lebanon will lease Fecon the 5.75 acre site for $1 a year over 10 years. Fecon expects to acquire the land beneath its existing facilities later this year through a similar agreement with the city.
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