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07/18/2007
MALLOY ELECTRIC ANNOUNCES EXPANSION PLANS AT DAKOTA DUNES


Malloy Electric Announces Expansion Plans
New Dakota Dunes Location Will Consolidate Regional Offices

DAKOTA DUNES, S.D. – Malloy Electric officials and South Dakota Governor Mike Rounds announced today the construction of a new state-of-the-art industrial service center at Dakota Dunes for Malloy Electric. This facility will continue Malloy’s tradition as a national leader in quality service and engineered new product sales in the electrical and mechanical power transmission industries.

The facility will allow Malloy to consolidate its two existing facilities in Sioux City and relocate its 60-plus employees to the Dakota Dunes location. Construction is expected to begin in the spring of 2008.

Owner Garry Jacobson said the move will provide additional opportunities for the company to continue to be a leader in the sales and servicing of industrial electrical and mechanical equipment and controls. “This new service center will house the most up-to-date repair and testing equipment, along with Malloy’s expert technical and service personnel. We are excited about these expansion plans and look forward to better serving our existing customers, and adding new customers in the future,” Jacobson said.

“As a homegrown company, Malloy Electric is on the cutting edge of technology in its industry,” said Governor Rounds. “Since its beginning in 1945, Malloy Electric has proven to be an outstanding corporate citizen of South Dakota. I’m proud to welcome its expansion within our state,” he added.

The new 75,000-square-foot facility will be located on 11 acres along Interstate 29, near the Exit 1 ramp. The state-of-the-art service center will house Malloy’s inside technical support, outside sales, motor repair center for motors through 8,000 horsepower, machine shop, electronic service department, engineering services, general offices, and include a large warehouse.

“This is great news for Dakota Dunes, and for the entire state, bringing us even closer to our 2010 Initiative goal of increasing the gross state product by $10 billion,” said Richard Benda, secretary of the Department of Tourism and State Development.

The company is working closely with the state to identify financial resources, including the state’s Revolving Economic Development Initiative (REDI) Fund and Workforce Development Program.

Dennis Melstad, president of Dakota Dunes Development Company, added, “We are pleased to welcome Malloy Electric’s operations to Dakota Dunes. The company’s new facility makes a great addition to the growing list of companies locating at the Dunes, and we think the operation is a perfect fit with the region’s growing business services sector.”

Malloy Electric offers a full range of sales and services including motor and generator repair, motor and generator rewinding, complete machine shop services, dynamic balancing, UL508 panel department, industrial electronic equipment and repair, and technical services (vibration analysis, laser alignment, thermography, ultrasound and circuit breaker testing). Malloy also stocks one of the largest inventories of motors, gearboxes, and control and power transmission products in the upper Midwest.

Malloy Electric & Bearing Supply was started in 1945 by Emmett and Mary Malloy in downtown Sioux Falls. In March 1971, Garry and Dianne Jacobson purchased the business and continued to expand operations through the next few years. A branch facility was opened in Sioux City in February 1986. In 2001, Malloy acquired Thorpe Electric in Sioux City and added that company’s operations to the family of Malloy facilities.






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