Global Manufacturer of Thermal Management Systems Will Nearly Double in Size and Add 23 New Jobs at New Location in Alden
NYS Investments Further Support Governor Hochul’s Commitment to Grow and Strengthen the Advanced Manufacturing Sector
Photo of the Project is Available Here
Empire State Development (ESD) today announced that Pfannenberg Inc., a global manufacturer of thermal management, liquid cooling solutions and signaling technologies, will undergo a $16.6 million expansion of its North American headquarters in Alden. The manufacturer will move, expand, and upgrade its current operation to increase efficiency and grow the company’s overall sales. It will retain 105 jobs and create 23 new jobs.
“The impressive expansion of a leading global business like Pfannenberg adds to the overall vitality of the manufacturing sector in Western New York,” said Empire State Development President, CEO and Commissioner Hope Knight. “Governor Hochul is committed to building on New York State’s proud manufacturing history by creating and supporting an ecosystem that encourages the most innovative companies to remain in New York and thrive, creating a better future for the workforce of tomorrow.”
Pfannenberg will move from its existing location in Lancaster to a 146,000-square-foot building located at 13595 Broadway in Alden, which was recently purchased for $5.1 million. To bring the Alden facility up to the standards needed, a renovation estimated at $4.6 million will include an upgrade to production and warehouse areas to optimize workflow and efficiency. There will be a complete overhaul of the outdated electrical, plumbing, and HVAC systems as needed, as well as renovations to the office space. An additional $6.1 million will be invested to fit the building out with necessary state-of-the-art manufacturing equipment. The interior and exterior of the building will utilize modern and sustainable design elements to enhance the overall functionality and aesthetics of the site. The project is expected to be complete by the fall of 2025.
"Acquiring this building is a significant milestone for our company. It represents our dedication to expanding our manufacturing capabilities and enhancing our operational efficiencies. We are committed to creating a space that not only meets the highest standards of excellence but also inspires our team to achieve their best work," said Robert Kapilevich, Pfannenberg US Manufacturing President.
"This investment underscores our confidence in the future growth of our company and our unwavering commitment to our customers and colleagues in North America. By providing a world-class facility, we are ensuring that our teams have the resources and environment they need to continue driving innovation and providing critical solutions for our customers," said Earl Rogalski, Pfannenberg Americas President.
Pfannenberg, a global innovation leader in thermal management and signaling technologies, offers a comprehensive range of products designed to ensure the reliability and efficiency of industrial applications. Established in 1954, Pfannenberg specializes in thermal management solutions, including liquid cooling, cooling units, heat exchangers, and Filterfans®, as well as signaling devices like sounders, flashers, and sirens. These products are engineered with a focus on energy efficiency and environmental sustainability, crucial for protecting critical equipment and ensuring safety across a diverse array of industries such as automotive, food and beverage, telecommunications, semi-conductor manufacturing, automation systems, oil and gas and similar. With a commitment to innovation and quality, Pfannenberg continues to drive advancements that meet the evolving needs of its customers worldwide.
ESD is incentivizing Pfannenberg to continue to grow in Erie County by providing up to $400,000 in Excelsior Jobs Program tax credits in exchange for job creation commitments.
For additional information about Pfannenberg Inc., please visit www.pfannenbergusa.com/.
Senator Patrick Gallivan said, "Pfannenberg's decision to invest and expand in Erie County illustrates the company's commitment to its current and future employees, and our community. It is also an example of the ongoing strength of the manufacturing sector in Western New York and its potential for growth. I congratulate Pfannenberg and wish it continued success."
Assemblyman Michael Morris said, "I commend Empire State Development for their instrumental role in facilitating the $16.6 million expansion of Pfannenberg Inc.'s North American headquarters in Alden. This significant investment not only underscores the importance of supporting our local businesses but also highlights the critical need for continued investment in our business community. These investments will create and retain jobs, spur economic growth, provide valuable opportunities for our workforce, and ensure a thriving future for generations to come. It is through collaborative efforts like these that we can build a stronger, more prosperous New York State."
Erie County Executive Mark Poloncarz said, “As a global manufacturer now in their seventh decade of operations Pfannenberg Inc. could have chosen anywhere for their new headquarters but they chose Alden, just up the street from their current HQ in Lancaster, to continue their growth and write an new chapter of success here in Erie County. This project creates jobs, retains others, and begins a new chapter for a successful local business using local labor and having an international impact.”
About Empire State Development
Empire State Development (ESD) is New York’s chief economic development agency. The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing the New York State Regional Economic Development Councils and the marketing of “I LOVE NY,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, please visit www.regionalcouncils.ny.gov and www.esd.ny.gov.
Contact:
Pamm Lent | [email protected] | (716) 846-8309
Laura Magee | [email protected] | (716) 846-8239