Local Firm Enjoys Record Revenues
GRAETTINGER – The best way to measure the success of a business is to look at the bottom line. That bottom line for Energy Panel Structures of Graettinger has resulted in record growth for the firm, due to hard work from its employees and quality product offerings.
When 2011 began, Energy Panels planned for some growth by taking over the management of BBL Buildings in Perryville, Missouri after it was acquired by EPS’ parent company, Mac Arthur Company.
By being able to offer its building products from the Missouri location, EPS quickly expanded the EPS dealer network of independent authorized dealers. Through that expansion, there are now over 365 dealers servicing all of the U.S. except for the far western and southwestern states.
“Earnings from sales at our Graettinger location rose over 75% for an all-time record year,” explained Chris Spaeth, Vice President of Sales and Marketing. “Sales of farm products in the Midwest accounted for much of that growth. However, our residential and commercial SIP products also had tremendous growth.”
“We’ve been in operation since 1981. Our goal has always been to have satisfied, repeat customers,” he said. “Our products are a big part of that, but we also need dedicated, professional builders to make it happen. We have an extensive training program for our new dealers and support them with superior products, engineering, and promotional materials. In February 2012, we will take over 230 of our dealers on a week-long reward conference to the Paradisuius Resort in the Mayan Riveria where they can relax and enjoy networking opportunities with other builders.”
EPS has over 175 employees at its locations in Graettinger and Perryville, and both locations have undergone plant expansions during the past year.
In 2011, the Graettinger facility expanded with the purchase of an 18,000 square foot building that is now the corporate office headquarters. The building includes a gym-size area for testing and building seminars.
In Perryville, a new steel roll former was installed and field-unloading devices were installed on delivery trucks.
After a strong 2011, growth for 2012 is already being planned. Among planned expansions for 2012 are a new state of the art SIP production facility at the Perryville location. Also planned for 2012 is a new software system to be installed company-wide, which will bring all services, production and accounting into one system.
“We continue to invest in our future and the future of our dealers so they can be the most competitive and offer the most diverse product line on the market,” said Spaeth.
Energy Panel Structures, Inc. was established in 1981 as a subsidiary of Mac Arthur Company. Both companies are ESOP, employee-owned companies. EPS, with headquarters in Graettinger, manufactures products for ENERGY STAR qualified homes and is known for a diverse market of products including residential, agricultural, commercial, food processing and structural insulated panel systems.
BBL was established in 1975, specializing in the manufacturing and installation of post-frame farm and commercial buildings. Facilities were expanded in 1979, 2003 and 2008 to meet the increasing demand for a broad range of agricultural, commercial and residential buildings.
The Mac Arthur Company, founded in 1913, also enjoyed an impressive year in 2011. Mac Arthur, which is based in St. Paul, MN, has a total of 25 locations which, along with EPS, serve the upper Midwest, West Coast, Idaho, Colorado and Montana with over $350 million in products annually.