International custom freezer company establishes manufacturing facility
ELKTON, Ky. (July 30, 2014) – Gov. Steve Beshear on Tuesday joined company officials and local leaders to celebrate the opening of Custom Cooler Inc. in Todd County.
Custom Cooler, which manufactures custom walk-in coolers, freezers and freezer doors, is creating 75 jobs and investing nearly $5.8 million into a manufacturing facility.
“This is an exciting day for southern Kentucky,” Beshear said. “I thank Custom Cooler not only for providing more Kentuckians with quality, high-paying jobs, but also for choosing the commonwealth as the place to manufacture and ship its products around the world.”
This is Custom Cooler’s second manufacturing facility in the U.S. The 117,000-s.f. operation will serve customers throughout the eastern and central United States and internationally.
“Custom Cooler reviewed several sites for consideration before selecting Elkton,” said Steve Lee, president and CEO of Custom Cooler. “The board of directors selected Elkton for its central location, quality of the workforce, support from the state, county, city and local community and for the facility, which will allow for future growth.”
“This facility will meet our customers’ needs for an east coast and central United States manufacturing and distribution center,” said Ray Tolcher, vice president and general manager of Custom Cooler. “Everyone at Custom Cooler is excited about the decision to locate the facility in Kentucky. We look forward to building a strong business and long-lasting relationship in Elkton, Todd County and the commonwealth.”
Established in California in 2006, Custom Cooler serves more than 300 domestic and international customers in the food industry. Kentucky beat out three other states for the investment.
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.5 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.