6.1 EDSR 12-19-2016 - Laserfiche WebLink

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Please give a brief summary of your business and its products or service: Heritage Millwork Inc. (HMI) was first established in 1997 in Ramsey, Minnesota and offers over a dozen door designs that are stocked in multiple p different sizes and species. They began in a 32,000 square foot facility, and expanded an additional 30,000 square feet in 1997 to accommodate their growth. In addition to their wood offerings, they offer a Visions Interior Glass Program that has evolved tremendously throughout the years. Through this Y g this program, HMI stocks 11 glass patterns in five different sizes and can also special order over 25 other glass patterns. HMI offers customers quality products at good prices. Since being in the business for roughly 20 years, they have acquired a very knowledgeable sales g staff that has over 150 combined years of experience in the art. Throughout the g years Heritage Millwork Inc. has increased the inventory and services that it distributes. They now have a large inventory of interior and exterior doors with eight different types of wood, many molding profiles, a full line of LJ Smith Stair Parts, and pre-finishing any interior or exterior p roducts. The majority of HMI sales is to customers in Minnesota (80%), with the remaining to customers in Wisconsin (12%) and South Dakota (2%). They have nominal sales in Ohio, Colorado, Illinois and North Carolina. HMI is currently managed by Pat Menth, and he will be overseeing the Elk River location as well. By moving forward with this project, HMI hopes that by offering pre- finishing, this will help deter a major competitor from entering the market. Please give a brief summary of the project: HMI currently has one location in Ramsey MN, who employs 57 full-time employees. A key component of their business is pre-finishing their products; this is currently outsourced. HMI would like to purchase a 20,800 sf facility located at 15725 Jarvis in Elk River, MN to bring the pre-finishing portion of their business in-house. This will result in increased capacity, efficiency and revenue, providing a quicker turnaround time and service to their customers. They will keep their facility and 57 full-time employees in Ramsey, and will be creating five new full-time employees at their new location. This facility will be used to pre-finish their products, and to store additional products from their facility in Ramsey, allowing them to increase capacity at their Ramsey facility as well. Products will be transported from their Ramsey facility, to the proposed Elk River facility where it will be pre-finished. Products will Page 3of8 r; eiiti 11 NATURE