BELOIT - Seal-Rite Door held a press conference Tuesday to announce its relocation from Rockford to Beloit.
The company plans a $16 million expansion, and will bring more than 80 jobs to Wisconsin. The 105,000-square-foot building - owned and managed by Hendricks Commercial Properties - stands at 375 Willowbrook Road, by the intersection of Stateline and Willowbrook roads, off Interstate 90 in the Wisconsin Stateline Industrial Park.
Seal-Rite Door is a subsidiary of Palmer-Donavin.
In addition to the 84 jobs expected to be created in Wisconsin by Seal-Rite, those at the Wisconsin Economic Development Corporation (WEDC) estimate the project could indirectly generate 81 additional jobs in the region. The new jobs are expected to generate about $1.4 million in state income tax revenue over a five-year period.
To support the company's decision to relocate here, the WEDC has awarded Seal-Rite up to $250,000 in state tax credits over the next three years depending on the number of jobs created.
The City of Beloit did not provide any financial incentives. However, the site was sold for $1 by the city to Hendricks Commercial Properties prior to development starting, according to information from Beloit Director of Strategic Communications Sarah Millard.
Tuesday's press conference included remarks by Hendricks Holding Company Chair of the Board Diane Hendricks, Palmer-Donavin President/CEO Ron Calhoun, WEDC Secretary Mark Hogan and City Manager Lori Curtis Luther.
"It's a great day in Beloit. This is what we all strive for, creating jobs. With jobs comes a better city, less crime, less poverty, beautiful homes and families. It all starts with a career," Hendricks said.
Hendricks praised the city, county and state for working together to make the project possible.
Calhoun also commended Beloit, Rock County, WEDC and the Hendricks companies for being supportive and helping the expansion happen. He said he was impressed by the workforce development in Rock County. He added that Seal-Rite and Palmer-Donavin are great companies at which to build careers as there is employee ownership and very little turnover.
"We are pleased to have you on a growing list of companies choosing to make Wisconsin their home," said WEDC Secretary Mark Hogan.
Luther said it takes a number of people and private-public partnerships to make these projects possible and thanked Hendricks' companies.
During an interview following the press conference, Calhoun told reporters the company had signed a 12-year lease, with Feb. 15 projected to be the first day of operation.
To apply for a position, people can text "careers@pd" to the number 97211 to begin the application process. They can also find the company's career page at sealritedoor.com/careers.
Seal-Rite Doors has been in business since 1981.
Palmer-Donavin, a leading wholesale distributor of residential building materials, employs 500 nationwide. Palmer Donavin acquired Seal-Rite Door in December of 2012. Palmer-Donavin is headquartered in Columbus, Ohio, with branches in Masury, Hebron, Delphos, and Cincinnati, Ohio, as well as Lansing, Michigan and Rockford, Illinois, and Burnsville, Minnesota, according to the company website at https://www.palmerdonavin.com.