Conveyor systems manufacturer Process Solutions and Services Inc., doing business as Rapid Industries, will expand with a new facility in Jefferson County with a $6.8 million investment that will create 25 jobs for Kentucky residents.
“Rapid Industries has produced conveyor systems in Kentucky for decades, and under its current leadership since 2016, the company has continued its success and is poised for even more growth in the future,” Gov. Beshear said. “Congratulations to everyone at Rapid Industries. I look forward to seeing what’s next for this quality employer in Louisville.”
Leaders at Rapid Industries will construct a 50,000-square-foot manufacturing facility adjacent to its existing headquarters on Oaklawn Drive in Louisville, where the company currently employs more than 125 people full time. The investment also will accommodate the purchase of new equipment.
Rapid Industries was founded in 1967 under the name Rapid Installations with six employees and a 2,500-square-foot operation. The company has since grown into an international business, serving customers across the United States, as well as exporting Kentucky-made products throughout the world. The private, family-owned company provides conveyor systems to support a range of industries, including parcel, automotive and appliance companies.
Louisville Mayor Greg Fischer said the company plays an important role within the region’s thriving logistics sector.
“Benefiting from our competitive cost of doing business and central location, the e-commerce and logistics sectors have grown into a more than $5 billion industry locally,” Mayor Fischer said. “Rapid Industries provides critical infrastructure that helps logistics companies move and sort packages accurately and efficiently. We are excited to see the continued growth of companies in Louisville within this critical industry and congratulate Rapid Industries on their expansion!”
Rapid Industries’ growth builds on Kentucky’s manufacturing prowess, which in 2021 saw companies announce 13,900 new jobs in the commonwealth behind $10.5 billion in new investments. Statewide, manufacturers operate nearly 5,000 facilities employing approximately 250,000 residents.
For more information on Rapid Industries, visit RapidIndustries.com.
A detailed community profile for Jefferson County can be viewed here.
Information on Kentucky’s economic development efforts and programs is available at CED.ky.gov. Fans of the Cabinet for Economic Development can also join the discussion at facebook.com/CEDkygov, on Twitter @CEDkygov, Instagram @CEDkygov and LinkedIn.
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Media Contacts:
Crystal Staley
502-545-3714
Brandon Mattingly
502-782-2006
