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Corey Mehaffy, Executive Director of the Hannibal Regional Economic Development Council announced Monday that Doyle Equipment Manufacturing and Riverview Manufacturing, makers of dry fertilizer handling equipment, are expanding operations in Palmyra.
The project will include an additional 80,000 square feet of production space, a capital investment of over $5 million and the creation of 50 new FTE positions.
The new jobs will range from production assembly, production welding, fabrication, machining, product design, service, maintenance, sales and more.
According to Mehaffy, Doyle Enterprises has experienced significant growth since moving their operations to Missouri.
“When Doyle moved from Quincy in 2016 the company employed 85 people,” Mehaffy said. “Today, the company employees 196. The new expansion will take the company over 240 employees with 275,000 SF of production space.”
HR Director Catie Doyle said the family-owned company is celebrating their 71st year in business this year.
“We are excited to see how the continued growth of Doyle Enterprises of Northeast Missouri will continue to grow not only our product lines, but most importantly how this will grow the people working for Doyle, and the surrounding area,” Doyle said.
Doyle Enterprises President Monty Doyle said that with the new job creation, Doyle Enterprises will continue to make a positive impact on local business in Palmyra and the surrounding area.
“By increasing manufacturing space for our Tender Product Lines and Automated Blending Systems we will be creating new jobs in Marion County,” Monte Doyle said. “That means more people who will stop at local gas stations going to and from work, eat in local restaurants over lunch breaks, and shop at local stores when heading home.
“We have also seen more and more Illinois employees moving into Marion County.”
Mehaffy indicated HREDC has been assisting Doyle Enterprises over the last few months to help facilitate the project in Palmyra.
“It has been a pleasure to work with Monty, Catie and the Doyle Enterprises team on this project,” Mehaffy said. “The company has been a great corporate citizen for many years, and I appreciate the family’s continued investment in Marion County. An investment of this magnitude in rural Marion County is a real testament to the economic vitality of the area and will spur additional investment.
“We have been sharing this news with other prospects and they are taking notice of the significant opportunities Northeast Missouri has to offer.”
Mehaffy went on to thank a number of public and private partners that worked together in support of the project. He specifically recognized the State of Missouri Department of Economic Development, Marion County Commission, Marion County staff, Special Counsel for Economic Development Mark Grimm of Gilmore and Bell, James Rapp of Schmiedeskamp, Robertson, Neu and Mitchell and Mark Tyrpin of Mercantile Bank for their support of this project.
Doyle Equipment Manufacturing, home of worldwide quality dry fertilizer blending, conveying, tending and spreading equipment.
Located directly on U.S. 61, The Avenue of Saints, is a four-generation family owned and operated company.