YOUR BUSINESS AUTHORITY
Springfield, MO
SRC Logistics Inc. is opening a new plant in Joliet, Illinois.
The more than 1 million-square-foot facility is the first for SRC Logistics outside of Missouri, said Amber Hall, spokesperson for the SRC Holdings Corp. subsidiary. SRC operates two other plants outside of Missouri: a NewStream Enterprises LLC facility in Joliet and SRC of Lexington Inc. in Kentucky.
SRC Logistics is scheduled to start hiring next month, with over 100 jobs expected to be created in the next year in Joliet, according to a news release. The company, along with other SRC subsidiaries, works in the remanufacturing industry.
The new plant is designed to manage the logistics of used components called cores – used in remanufacturing – on behalf of an undisclosed international automotive brand. Officials say the plant has the capacity to process 1.8 million pieces of core annually.
Like other companies under the SRC umbrella, the new plant will employ The Great Game of Business open-books management system created by SRC CEO Jack Stack.
“Our goal is to create a business of businesspeople who think, act and feel like owners,” said Eric Lindgren, general manager of SRC Logistics-Illinois Inc., in the release. “Employee-owners use what they have learned at SRC to build their communities and a stronger future.
"That’s what we want for Joliet.”
Utah-based gourmet cookie chain Crumbl Cookies opened its first Springfield shop; interior design business Branson Upstaging LLC relocated; and Lauren Ashley Dance Center LLC added a second location.
Updated: Systematic Savings Bank to be acquired in $14M deal
Warby Parker store planned in Springfield
Former CoxHealth colleagues starting communications firm
Former Wentzville superintendent to get $1M in contract buyout
STL construction firm buys KC company
NPR editor resigns after writing piece critical of organization
Survey finds increase in average salary Americans willing to take