Doyle Equipment spending $5 million to expand operations in Palmyra, creating 50 full-time jobs
HANNIBAL, Mo. – Doyle Equipment Manufacturing and Riverview Manufacturing, worldwide leaders in manufacturing dry fertilizer handling equipment, are expanding operations in Palmyra, Mo.
The project will include an additional 80,000 square feet of production space, a capital investment of more than $5 million and the creation of 50 new full-time positions ranging from production assembly, production welding, fabrication, machining, product design, service, maintenance and sales.
Corey Mehaffy, executive director of the Hannibal Regional Economic Development Council, said Doyle Equipment has experienced significant growth since moving its operations from Quincy to Missouri in 2016 when it had 85 employees. Doyle now employs 196 people, and the expansion will take the company over 240 employees with 275,000 square feet of production space.
The family-owned company is celebrating its 71st year in business this year.
“We are excited to see how the continued growth of Doyle Equipment of northeast Missouri will continue to grow — not only our product lines, but most importantly, how this will grow the people working for Doyle and the surrounding area,” Catie Doyle, human resources director for Doyle, said in a press release.
Monty Doyle, president of Doyle Equipment, said the creation of new job shows how the business continues to make a positive impact on local business in Palmyra and the surrounding area.
“By increasing manufacturing space for our Tender product lines and automated blending Systems, we will be creating new jobs in Marion County,” Monty Doyle said. “That means more people stopping at local gas stations going to and from work, eating in local restaurants over lunch breaks and shopping at local stores when heading home. We also have seen more Illinois employees moving into Marion County.”
Mehaffy said HREDC has been assisting Doyle Equipment during the last few months to help facilitate the project in Palmyra.
“The company has been a great corporate citizen for many years, and I appreciate the family’s continued investment in Marion County,” he said. “An investment of this magnitude in rural Marion County is a real testament to the economic vitality of the area and will spur additional investment. We have been sharing this news with other prospects, and they are taking notice of the significant opportunities Northeast Missouri has to offer.”
Mehaffy thanked the Missouri Department of Economic Development, Marion County Commission, Marion County Staff, Special Counsel for Economic Development Mark Grimm of Gilmore Bell, James Rapp of Schmiedeskamp, Robertson, Neu and Mitchell and Mark Tyrpin of Mercantile Bank for their support of this project.
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