Governor Kim Reynolds recently said a major business is relocating its headquarters from Illinois to Iowa...
RILCO, Inc is moving its headquarters from Illinois to Iowa, according to a statement by Governor Reynolds. It's also worth mentioning that M.H. Eby, Inc, a legacy Iowa manufacturer, is planning to expand its Story City facility by an additional 100,000 square feet. Combined, the two businesses will invest more than $25 million into Iowa's economy and are expected to create hundreds of new jobs.
RILCO, Inc is a major business and industrial service provider that has created its own brands of lubricants, antifreeze, and greases under the Tec-Guard and Tec-Kool labels. The company intends to move its corporate headquarters from Rock Island, Illinois, to Eldridge in the near future. Meanwhile, M.H. Eby, Inc has grown over the years to become an industry leader in the production of aluminum truck bodies and livestock haulers.
“From being recognized as the nation’s most fiscally responsible state to the historic tax reform passed by our legislature, we have built a strong foundation where businesses in Iowa can thrive and prosper," said Iowa Governor Kim Reynolds in a statement. "I welcome RILCO to the state, congratulate both companies for their significant expansion plans and wish them continued success as they work to broaden and diversify Iowa’s robust manufacturing sector.”
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