Smith Electric Vehicles Corp., announced that the company will expand its U.S. operations by adding a manufacturing facility in New York State, creating up to 100 new direct local jobs.
JPB Capital Partners II, L.P. has completed a significant equity investment in it’s portfolio company, Ilex Consumer Products Group, Inc. (“Ilex CPG”) to support the acquisition of the ST. JOSEPH’S® ASPIRIN brand from the McNeil Consumer Healthcare Division of McNeil-PPC, Inc., a member of the Johnson & Johnson family of companies.
Back in January, electric delivery truck maker Smith Electric Vehicles was approved to be listed as a GSA supplier, qualifying it to sell trucks to the U.S. Government and Military. Yesterday they announced the
sale of two trucks to the U.S. Marines at Camp Pendleton, the first sale through this GSA approval. Trucks may be boring and unexciting, but they are the workhorses of the economy.
Electric vehicles can provide greater savings to companies than to consumers compared with diesel or gasoline models, not only in fuel cost but in maintenance.
President Obama spoke with workers at Smith Electric’s new factory in Kansas City. Missouri. With a $32 million grant under the American Recovery and Reinvestment Act coupled with $36 million in private capital. “Smith Electric Vehicles is proving that as long as we keep on moving forward, nobody can stop us. And for that I want to thank you. You [SEVUS] are setting a model for what we need to be doing all across the country.”
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