Imperial Fastener and Industrial Supply plans to invest $1.5 million to build a new warehouse and office facility in Evansville, IN, adding seven jobs over the next two years, Inside Indiana Business reports.

Construction on the 23,700 square-foot facility is expected to commence in late July. City officials are considering a six-year tax abatement based on the company’s expansion plans.

Imperial Fastener distributes fasteners and industrial supplies to customers in the production, maintenance and construction industries. The company was acquired by Indianapolis-based Haggard & Stocking Associates in 2016. Web: impfas.com

Founded in 1972, Haggard & Stocking supplies fasteners, technical tooling and general MRO products to the automotive, aerospace, foundry, machine tool, airline, heavy transportation, rail, woodworking, and metal fabrication markets. The company has branch locations in Fort Wayne, IN; Waco, TX; and Greensboro, NC; as well as stocking locations in eight other states. Web: haggard-stocking.com