New facility to help address growing demand
for the Company's industrial products
WAUKESHA, Wis., Sept. 13,
2023 /PRNewswire/ -- Generac Power Systems,
Inc., (NYSE: GNRC) a leading global designer and manufacturer of
energy technology solutions and other power products, in
conjunction with the City of Beaver
Dam, today announced its proposed plans to build a new
manufacturing facility in Beaver
Dam, Wisconsin.
"Generac's intended investment in our region is a testament to
the business-friendly environment we've worked hard to cultivate,"
said Becky Glewen, Mayor of Beaver
Dam. "The establishment of this new plant translates to
meaningful employment, stronger families, and a flourishing economy
for Beaver Dam and the region and
speaks volumes about the confidence that industry leaders like
Generac have in our workforce, quality of life, and the
infrastructure we offer."
To help fulfill the growing demand for Generac's industrial
generators, Generac is planning to build an approximately 320,000
sq. ft. facility in the Highway 151 Business Park, at Kellom Road
and Tower Drive. Including a mix of manufacturing and office
employees, the facility will eventually employ up to 350-400 people
in total at the location.
"The demand for our industrial generators continues on a rapid
growth trajectory, and this new facility will help us to best meet
the needs of our customers," said Aaron
Jagdfeld, president and chief executive officer of Generac.
"Additionally, the new manufacturing location demonstrates
Generac's dedication to shaping the future of industrial power
generation."
Pending city approval of the project, Generac will begin
construction later this year, with the aim of completing
construction by early 2025.
About Generac
Generac Power Systems, Inc. (NYSE: GNRC)
is a leading energy technology company that provides advanced power
grid software solutions, backup and prime power systems for home
and industrial applications, solar + battery storage solutions,
virtual power plant platforms and engine- and battery-powered tools
and equipment. Founded in 1959, Generac introduced the first
affordable backup generator and later created the category of
automatic home standby generator - a market in which nearly eight
of ten generators sold is a Generac. The company is committed to
sustainable, cleaner energy products poised to revolutionize the
21st century electrical grid.
About City of Beaver
Dam
The City of Beaver
Dam is a thriving community of 16,000+ residents and 960
businesses with easy access to Madison and the Fox Valley via connection to
US Hwy 151. Since incorporation in 1856, Beaver Dam has served as a retail and
healthcare center for Dodge County
and the region and is recognized for its small-town feel, historic
downtown, livability, and family-friendly culture.
Media Contacts:
Stephanie
Rodgers
Stephanie.Rodgers@Generac.com
262-544-4811 Ext. 4456
Nathan Thiel
nthiel@ci.beaverdam.wi.gov
920-887-4600 Ext. 399
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SOURCE Generac Power Systems, Inc.