3 July 2017
Coastal Jibs Moves into Sherbrooke’s Regional Industrial Park
PRESS RELEASE – Manufacturer of snow park modules, Coastal Jibs, is moving into Sherbrooke’s Regional Industrial Park on Lesage Street. The approximately 7200 ft.² new building represents an investment of $850 000 and will enable the company to consolidate its activities into a single site.
Coastal Jibs is currently renting space at two opposite ends of the City of Sherbrooke: one on Hamel Street and the other on Galt. This situation has made production management a challenge. The company is experiencing significant growth, and needs more space in order to expand its storage area and to acquire specialized equipment, such as a bridge crane. “Our turnover nearly doubled in the past year. We need to consolidate our facilities under one roof and have a building that truly meets our needs for maximum production efficiency,” explained Richard Côté, owner of Coastal Jibs.
This project will consolidate two existing jobs and create at least five new jobs within the company, which will continue hiring contract workers for its non-recurring needs. The company has been able to count on support from Sherbrooke Innopole throughout its relocation process. “Coastal Jibs is a promising business that is building a strong reputation in its field,” noted Josée Fortin, Director General of Sherbrooke Innopole. “It is great to see that the company has chosen to undertake its expansion on Sherbrooke’s soil.”
Established more than 10 years ago, this New Brunswick business settled in Sherbrooke in 2014. “It was important to move closer to ski centres, our main customers. Sherbrooke’s central geographical location is facilitating our business development with some of our Sherbrooke partners, as well as in the United States,” observed Mr. Côté. “This was the ideal city for Coastal Jibs, and I am very happy to pursue our growth here.”
Sources: Coastal Jibs and Sherbrooke Innopole
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Photo credit: Coastal Jibs