Manufacturing Plant Plans 100 New Jobs In Red Wing
Bloomington-based Capital Safety announced that it’s creating 100 new jobs at its operations in Red Wing with a 60,000-square-foot expansion.
The company, which manufactures work-site safety equipment, began its U.S. operations as DB Industries in Red Wing in 1973.
Capital Safety was acquired in 2011 for $1.12 billion from a private equity firm called Kohlberg Gravis Roberts & Company. The following year, it moved its corporate headquarters from London to Bloomington, in part to be closer to its global manufacturing facility in Red Wing—where about 500 of its total 1,500 employees are based.
The Minnesota Department of Employment and Economic Development (DEED) is awarding Capital Safety $750,000 from the Minnesota Job Creation Fund to assist with the expansion. However, the company must meet job creation goals and other performance measures in order to receive the funding.
“Capital Safety’s expansion of our Red Wing facility and the additional jobs are necessary to support our continued growth,” Kevin Coplan, Capital Safety’s North American president, said in a statement. “We’re grateful for the support from DEED as well as Goodhue County, the city of Red Wing, and the Red Wing Port Authority—which helped ensure that this expansion takes place in Red Wing, Minnesota.”
Last year, DEED said that Capital Safety had proposed an expansion to its Red Wing operations, which it expected would create between 50 and 100 jobs. The new details about specific job figures and government funds were released Tuesday.
“Capital Safety provides a valuable service, making harnesses and other equipment that protect construction workers and those who work on tall structures,” DEED Commissioner Katie Clark Sieben said in a statement. “This is an investment in a company that is growing and has committed to creating good-paying jobs in Red Wing.”
Capital Safety has 26 operating sites worldwide. In April, Capital Safety acquired a similar safety equipment manufactuer in Brazil called Altiseg for an undisclosed sum.