Wolf Steel Ltd., a Canada-based manufacturer of fireplaces, grills, HVAC and other products sold under the Napoleon brand name, will invest $5.9 million to expand its operations complex at Wolf Steel USA at Crittenden Industrial Park in Crittenden, Kentucky.
“We are very excited about the growth of our US businesses,” said Ron McArthur, President of Wolf Steel. “We are committed to doubling the size of our business, and our Crittenden facility will play a major role in manufacturing and distributing products to our US customers. We are fortunate to have a highly skilled and committed associate group who are committed to producing and distributing quality products that allow our consumers to have memorable experiences in their homes.”
The company established the entity Wolf Steel USA in 1997 to better serve the US market, and production began in Crittenden two years later with 23 employees. The operation grew with the acquisition of additional property in 2009 and 2015. Since opening approximately two decades ago, the facility has increased from 39,000 square feet to over 180,000 square feet with 82 employees and now plans to add 30 more associates.
“Kentucky is building a solid reputation as America’s center for engineering and manufacturing excellence, and our distribution advantages are second to none,” Governor Matt Bevin said. “As Wolf Steel looks to make its Napoleon products available to even more North American customers, we are proud that they are doing so right here in the commonwealth. Wolf Steel has demonstrated consistent growth over the past two decades, and we look forward to their continued success in the months and years ahead.”
“Wolf Steel is one of the anchor industries in the Crittenden Industrial Park and we are excited they are willing to make an additional $5.9 million investment in their facility, as well as for what it means for the city of Crittenden and Grant County,” Mayor Camilla “Kay” Patton said. “We wish them much success with this expansion and plan for Wolf Steel to be in Crittenden for many years to come.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved the company for tax incentives up to $350,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of the new tax revenue it generates over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, Wolf Steel can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.