Piping Systems Plans $5.5 Million Expansion In Hortonville, Wisconsin
“Piping Systems is a true Wisconsin success story,” Governor Scott Walker said. “Founded in 1990, the company now has customers worldwide, including several Fortune 500 companies. This illustrates how a company with a quality product, dedicated employees and a commitment to excellence can continue to grow right here in Wisconsin.”
“Piping Systems is very excited about the expansion of our facilities and future job creation. Fueled by the award of a major contract, we are now able to complete the second phase of our three-phase expansion plan,” said company co-founder and President Jeff Bunker. “The expansion will enable PSI to hire both skilled UA trades labor and support staff to meet the needs existing customers as well as future ones. We sincerely thank our loyal employees and their families, along with the WEDC, UA Local 400, our vendors and our customers for their support over the years. It is through all of their combined efforts that this growth is possible.”
The Wisconsin Economic Development Corporation authorized up to $350,000 in Economic Development Tax Credits over three years to support the project. The company has agreed to create 119 new, full-time positions during that time. The actual amount of tax credits distributed will be based on the number of jobs created.
In addition, the Village of Hortonville also is providing $550,000 in incentives to support the project. When the project is completed, PSI will be the number one private-sector employer in the village.
“WEDC’s authorized up to $350,000 in Economic Development Tax Credit Program is a powerful tool to help companies throughout the state grow their business and create jobs,” said Reed Hall, Secretary/CEO of WEDC, the state’s lead economic development organization. “WEDC is pleased to be able to have played a key role in this important project, which is expected to more than double the number of employees now working at Piping Systems.”
“The Village of Hortonville is pleased to have Piping Systems expand in the village and excited about the impact the new jobs will have on the continued growth of the community,” said Village President Andrew Gitter. “The village is positioned nicely with a diversity of residential lots ready for new homes to be constructed. We anticipate the new jobs created by Piping Systems will be reflected in new homes in the village.”
Jerry Murphy, Executive Director of New North, the regional economic development organization serving northeastern Wisconsin, added: “Manufacturing is a pillar of business within the New North, and the success of companies like Piping Systems affirms that. The Economic Development Tax Credit Program of WEDC is a real asset in helping to grow the regional economy.”
PSI fabricates piping spools, modular equipment, and piping skids for industrial customers throughout the U.S., and has a growing number of International clients. More than 80 percent of the company’s products go to customers in the growing Oil, Gas, and Energy sectors.
The 65,000-square-foot plant addition, along with 30 newly developed acres, at the Hortonville Industrial Park site will provide PSI with enough space to meet its upcoming workload demands and accommodate long-term growth.
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