Custom Stainless

New Markets Tax Credit Coalition

Indianapolis,
IN
(2021)

Custom Stainless

Manufacturing

Financing to M2M, Custom Stainless, an Indianapolis company that is buying Mouron and Company, an Indianapolis manufacturer of stainless steel, walk-in refrigerators for hospitals, schools, and restaurants.

Investment

NMTC Amount: $500,000
Total Project Cost: $500,000

IMPACT

13 FTE jobs

CDEs

Investor

Unknown

Project Description

First Merchants Bank, through The Grow Indy Fund II, and Indiana Community Business Credit Corp, are teaming up to provide financing to M2M, Custom Stainless, an Indianapolis company that is buying Mouron and Company, an Indianapolis manufacturer of stainless steel, walk-in refrigerators for hospitals, schools, and restaurants. P.A. Mouron founded his namesake company in 1930 and it became a respected leader in its industry. With its working capital and profit margins slipping, company president and general manager Phil Skorjanc worked out financing for new equipment purchases and working capital from the Credit Corp. and First Merchants’ Kirk Klabunde. The company’s 13 employees will stay in place, hoping to help Mouron regain its footing as a leader in institutional refrigeration.

MAP

Address: 1025 Western Drive, Indianapolis, IN 46241

Census Tract: 18097342101

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