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Wausau Equipment Company to expand in Wisconsin
Published August 29, 2008 - BizTimes Daily
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New Berlin-based Wausau Equipment Company Inc. plans to build a satellite facility for research and development, testing, final assembly and product installations in the Town of Fond du Lac.
The firm plans to build a 22,050-square-foot facility.
"Wausau Equipment Company Inc. will continue to be based in New Berlin. We currently employ about 100 people in New Berlin. We are projecting 34 employees within three years at the new Fond du Lac facility," Rod Winter, president and chief executive officer of the company, told SBT.
Wausau Equipment, formerly Schmidt Engineering & Equipment, manufactures heavy-duty snow removal and ice control equipment for municipalities and airports. The company's products include heavy-duty snowplows, rotary brooms, loader and truck-mounted snowblowers and spray deicing systems.
Wausau Equipment will be the first company to occupy space in the Fond du Lac Aeronautical Industrial Park, a new industrial park being developed on the north side of the Fond du Lac County Airport.
The company purchased more than six acres in the new industrial park directly adjacent to the airport and has an option to purchase another six acres for future expansion.
The Wisconsin Department of Commerce is providing $221,000 in Enterprise Development Zone tax credits for the expansion.
Wausau Equipment is owned by Wausau-Everest LP, a holding company that also owns Everest Equipment in Quebec, Canada. Wausau-Everest, through its two operating companies, markets its heavy-duty snow removal equipment under the brands Wausau, Everest, Snogo, American Sno-Plows, Frink America and Tyler Ice.
Wausau-Everest is a portfolio company of ELB Capital Management LLC, a Philadelphia-based private equity firm.
