Harper Government Helping to Create Jobs in Barrie

BARRIE, ONTARIO--(Marketwired - Jan. 13, 2015) - Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

FedDev Ontario Minister Gary Goodyear and North Simcoe MP Bruce Stanton announced today an investment of up to $4,217,500 that will enable Wolf Steel Ltd to expand its manufacturing capacity and create new jobs in Barrie.

The Government of Canada's repayable contribution, through the Investing in Business Growth and Productivity initiative, is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.

Wolf Steel, founded in 1976, manufactures the Napoleon brand of wood and gas fireplaces, barbecue grills, heating and cooling products and outdoor living products. The company's expansion project includes: launching and manufacturing air conditioning products; expanding the existing line of heating and ventilation products; upgrading its four manufacturing facilities in Barrie to make them more energy and cost-efficient; and implementing information technology upgrades.

These initiatives will help the company to enhance productivity, diversify its products and strengthen its market appeal, giving it a global competitive edge.

Wolf Steel's increased production will also positively impact local and regional materials suppliers.

The announcement was followed by a site visit and roundtable discussion at the Lakehead University's Orillia campus. Minister Goodyear and MP Bruce Stanton met with industry leaders to discuss opportunities for growth for businesses and manufacturers in Orillia and surrounding areas.

Quick Facts

• Wolf Steel Ltd. expects to create up to 176 full-time jobs at its four facilities in Barrie by 2017. The company currently has a staff of over 800 in the Barrie region, including 35 positions in research and development.
• Wolf Steel will be the only manufacturer of air conditioning products in Canada.
• Investing in Business Growth and Productivity funding is currently available for eligible small- and medium-sized enterprises and not-for-profit industry associations or regional economic development organizations.

Quotes

"Today's announcement shows the great strides our Government has made to support the manufacturing sector in Ontario. Investments such as this reinforce our commitment to creating jobs and promoting economic growth by recognizing market demands and supporting the innovative businesses that can meet these demands."

- The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

"This contribution to Wolf Steel Inc. is a great example of the tremendous growth potential for manufacturing businesses in southern Ontario. Our Government's investment in this company will result in higher revenues from locally manufactured products; a boost in job creation and opportunities that will lead to a more skilled and experienced workforce in our region."

- Bruce Stanton, Member of Parliament for Simcoe North

"We are delighted with the Federal government's investment as this will support us in the expansion of our manufacturing facilities, research and development and technology processes. The demand for Napoleon's quality products internationally generates a sense of pride that all of our associates acknowledge. The federal government's staff that we work with has been very insightful."

- Ron McArthur, President - Wolf Steel Ltd.

Related Products

Speech: Investing in Business Growth and Productivity Funding announcement for Wolf Steel Ltd.

Associated Links

Investing in Business Growth and Productivity initiative

Napoleon Fireplaces (Wolf Steel Ltd)

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