Cree expanding in Wisconsin

From staff reportsNovember 16, 2011 

LED lighting company Cree is deepening its commitment to its new outpost in Wisconsin, where it plans to invest $24.5 million and add 469 full-time jobs over the next four years.

Durham-based Cree announced Tuesday that it was expanding its Ruud Lighting manufacturing plant in Sturtevant, Wisc. In August Cree acquired Ruud, which gets a majority of its revenue from outdoor LED lights, in a deal valued at $525 million.

The expansion will add 208,000 square feet to the plant, space that will be focused on manufacturing and assembling LED lights, as well as adding to storage capacity.

"Beyond Cree's dedication to advancing LED lighting technology, it's a long-term investment in the people of Racine County and the community's manufacturing base," Christopher Ruud, president of Cree's Ruud Lighting subsidiary, said in a prepared statement.

Cree has been promised more than $8 million in state and local incentives for the jobs it creates.

It's not the first time that Cree has obtained incentives tied to an expansion project. Last fall it announced a $135 million expansion in Durham that is expected to create 244 local jobs over two years.

Cree employs about 5,800 people worldwide, including more than 2,000 in Durham.

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