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Lucas purchases Tower building

The old Tower Automotive building in Corydon, vacated in 2005, has been sold.
A familiar name ‘ Lucas Oil Products Inc. ‘ announced the purchase of the 350,000-square-foot facility Thursday.
Forrest Lucas, president and CEO, said he and Darrell Voelker, the county’s economic development director, had been working on the deal for a couple of months. The facility is less than one mile from Lucas’ existing production complex.
‘This represents a very positive sign for the economic future of our community,’ Voelker said. ‘Lucas has completed two expansions at their existing production plant, encouraged the growth of other local businesses that supply their company, they purchased and operate the LNA&C railroad and now they are making an even greater investment.’
The building was vacated in June 2005 after Tower Automotive declared bankruptcy earlier in the year, eliminating 600 jobs. It was a manufacturing plant for frames for the Ford Explorer.
Lucas said he’s not really sure what specifically the building will be used for and his main focus is getting the building ready for use.
‘There’s a lot of fixing up to do, a lot of work to do,’ Lucas said.
He said the building will be used as warehouse space and several products could be made at the site, including a line of additives.
‘We’ve got a lot of new things going on,’ he said.
Another enticing feature of the site was the rail line, Lucas said.
The new facility will not necessarily add jobs immediately, he said, but they could be added as production grows ‘a little at a time.’
Lucas Oil, which employs nearly 100 people, has supported community causes and events in Harrison County and surrounding counties since locating in the county in 2002.
Based in Corona, Calif., Lucas Oil Products Inc. produces more than 30 products, including motor oil and fuel additives. The company purchased the naming rights for the new home of the Indianapolis Colts, Lucas Oil Stadium, in 2006.

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