Gaco Western receives $8 million in bonds
Gaco Western LLC, a Waukesha-based manufacturer of roofing, decking and waterproofing systems, recently received $8 million in industrial revenue bond allocations from the state of Wisconsin.
The company will use the funds to help acquire a 7.18-acre site, build and equip a 53,500-sqare-foot production facility. The new plant will expand Gaco Western’s capacity as a manufacturer of polyurethane foam and urethane coatings.
The project is estimated to cost $9.2 million and generate seven new jobs.
"Gaco Western is thrilled to center its manufacturing future in Waukesha," said Gaco Western President Peter Davis. "In these difficult economic times, the Industrial Revenue Bonds are the reason we could triple our manufacturing capabilities in Wisconsin.”
Industrial Revenue Bonds are bonds free of federal tax issued by local governments, and the proceeds are loaned to new or expanding businesses for development projects. The interest rate is generally below the going prime rate.
Wixon to build new culinary center in St. Francis
Wixon Inc., a national food ingredients company in St. Francis, broke ground recently on a new culinary center to create and test food specialties, a meat pilot plant to develop new meat products and demonstration area.
The 4,200-square-foot culinary center and meat pilot plant, to be called the Wixon Innovation Center for Culinary & Protein, will add to Wixon’s food research and development capabilities for itself and its customers. The $2 million addition will also provide an area for Wixon to showcase products it creates for visiting customers.
The culinary center will be equipped with professional Viking appliances, griddles, charbroilers, Sub-Zero refrigeration units, and a high-end presentation and conference area, complete with digital audio-visual equipment.
Wixon vice president of research and development Mariano Gascon said the company plans to hire additional staff for the center.
Peter Gottsacker, Wixon president, said the new culinary center and meat pilot plant "are more than just an extension of our facilities. They represent a blending of innovation, our passion for service and another major step forward for our company to be able to do the important research and testing for our customers that can save them countless hours of time as well as tremendous expense."
In conjunction with the new center, Wixon recently added corporate chef Judson McLester, who will be in charge of much of the product testing, evaluating and product formulations.
Wixon is one of the nation’s leading producers of food ingredients, including custom-ground spices, blended seasonings, sweet and savory flavors, and a variety of finished food products.
