LITTLE FALLS - We now know the name of the company that has bought the shuttered former Larson Boat site in Little Falls.

Indiana-based Wabash National Corporation has bought the 53-acre manufacturing facility.

They will use it to manufacture select parts for their semi-trailer and truck body market. Wabash is described as America's leading producer of semi-trailers and liquid transportation systems.

This is their first production facility in Minnesota.

The project entails renovations to its 600,000 square feet of buildings and adding equipment. The overall cost is about $11 million.

The company expects to create 70 new full-time jobs paying an average of just over $18 an hour within the first two years.

The Minnesota Department of Employment and Economic Development is providing three grants totaling nearly $1 million. The city of Little Falls and Morrison County are also providing local incentives.

Wabash National Corporation was established in 1985 in Lafayette, Indiana. Larson Boats announced the closure of their Little Falls plant in November