New Balance to open Lebanon distribution center
New Balance Athletics officials announced the leading athletic footwear and apparel manufacturer will invest $68.5 million to establish a new distribution center in Lebanon. Located in the Speedway Industrial Park, New Balance will create more than 150 new jobs, which will support a portion of the company’s digital commerce business for footwear, apparel and accessories as well as service its wholesale and retail operations for its apparel business. The new automated processing facility will be approximately 350,000 square feet and is expected to be completed in late summer 2023. Founded in 1906, and headquartered in Boston, New Balance is a global athletic footwear and apparel leader with more than 7,000 associates worldwide and global annual sales of $4.4 billion in 2021. Privately-held New Balance is proud of its strong commitment to the communities where its associates live and work and its purpose-based values of teamwork, integrity, and total customer satisfaction.