Peak North America USA plans to invest $24 million to open a facility in Mobile County’s Irvington community that will provide equipment and services to the wood products industry.
The project will create 175 jobs over the next four years, according to an announcement today by the Mobile Chamber.
“Peak North America USA has an established track record of innovation within the wood products industry, and I am happy to see a company with this kind of pedigree put down roots in Alabama,” said Greg Canfield, Secretary of the Alabama Department of Commerce.
“I’m confident that Peak North America will find an ideal industrial home in Mobile, where it can grow and thrive,” he added.
As part of the project, Peak North America is acquiring fabrication firm Endurance Equipment Co. in Irvington, where it will operate a facility that focuses on serving sawmills, pellet plants, Oriented Strand Board, or OSB, producers.
“By being strategically located in the Southern United States, we will offer state-of-the-art manufacturing and fabrication services related to the forest products sector, while gaining a geographical competitive advantage for our clients,” Peak North America CEO Brian Fehr said.
“We will crete a culture of safety, efficiency, enthusiasm, and inclusivity for all our employees, with the intention of growing operations beyond projected forecasts, and we will use the local workforce and community to do so,” he added.
‘SIGNIFICANT IMPACT’
The Canada-based company is founded by Fehr, who, for more than 40 years, has used technology to improve operational efficiencies and reduce costs in the processing of wood products. Notable companies that use Fehr’s technology include Canfor, Tolko, West Fraser Timber and Georgia Pacific.
“This investment will have a significant impact on the Irvington community and the wood products industry as a whole,” said Mobile Chamber President and CEO Bradley Byrne. “We are confident that Peak North America’s expertise in creating industrial solutions will make this project a success.”
Peak North America will begin renovations on the Irvington facility this month, with operations scheduled to begin in June 2023.
“We are continuing to see major companies in a variety of industries choose the Mobile region because of our workforce and our local leadership’s commitment to creating new jobs,” Mobile Mayor Sandy Stimpson said.
“Peak North America’s $24 million investment in Mobile County will do just that while also supporting other important industries that create good-paying jobs in our region,” he added.
The project was announced at last week’s Industrial Development Authority of Mobile County meeting.
“We’re delighted that Peak North America has chosen to locate and invest in Mobile County. With the purchase of an existing site and the construction of a new state-of-the-art equipment manufacturing facility, we anticipate the creation of 175 new jobs,” said Mobile County Commission President Connie Hudson.
