Master Spas announced plans to invest $15.3 million to expand its operations, creating more than 100 new jobs. The expansion includes the purchase of a larger facility, which grows Master Spas' total facility space to 460,000 square feet on 33 acres, an increase of 55 percent. The new building, expected to be the largest swim spa manufacturing facility in the world, will be fully operational by January 2019.

The new space will house a manufacturing division, a warehouse, a research and development department and a design center with new offices for the marketing and engineering departments. This will free up needed space in Master Spas' existing building to expand the hot tub operation, allow for more parking and make room for additional offices for its growing staff — company leaders expect to employ a total of 550 workers within the year.

"We are very excited for the opportunity to continue growing to support Master Spas’ expanding dealer network and increased product demand," says Terry Valmassoi, president of Master Spas. "We pride ourselves on quality and innovation, and we know this new facility will help us remain an industry leader."

Master Spas serves customers worldwide through their network of more than 300 independent dealers and contract service centers throughout the U.S., Canada and Europe.

"Companies like Master Spas continue to elevate Indiana's reputation as a global leader in the manufacturing sector," says Elaine Bedel, president of the Indiana Economic Development Corporation. "We're proud that Master Spas, a homegrown Hoosier manufacturer, continues to call Indiana home, expanding its footprint in Allen County and adding more quality jobs in the community."