A Schofield company is planning to add hundreds of jobs over the next few years.
We've learned that Crystal Finishing Systems has bought the former Weather Shield Manufacturing facility in Mosinee for an undisclosed price.
Mark Matthiae, president of Crystal Finishing, said Thursday the company will add about 250 to 350 manufacturing jobs in the next three years, with production at the new plant expected to start in early 2014.
"We expect it to be a big boost for the local economy," said Denis Crevier, Crystal Finishing Systems CFO. "With some of the jobs they have lost, I'm sure it will be much appreciated."
The jobs will range in pay from $10.50 an hour to $25 per hour, he said, adding the average annual wage for workers at his company is $38,700.
"We are bringing some new technology that will open some new markets for us," Matthiae said.
The final plans for the new plant are expected in July and hiring dates will be announced then, Matthiae said.
Although Matthiae characterized the recovering economy as "still spotty," he said his company has added 250 jobs in the last three years and he called the purchase of the vacant Mosinee plant some more positive news.
"It is good for Crystal Finishing. It is good for our customers. It is good for Marathon County. It is win-win all the way around," he said. "We can't wait to have the deal completed."
Mosinee Mayor Al Erickson said Thursday's announcement lets people know his community is open for business.
"We've been working very diligently with economic development continuous on even through these hard times, bad times," he said.
Business is certainly booming for Crystal Finishing Systems. Leaders there say the company has grown from a $10 million company 10 years ago, to a $100 million company today.
"I would estimate over the next 5 years we'll double in size as a company," said Crevier.
Stay with Newsline 9 for the latest on this developing story.