The square footage and the workforce aren’t the only things growing at Central Boiler Companies. So is the size of the bonus distribution. The company celebrated the 30th consecutive year of bonus distribution on October 28 at their Greenbush facility. The bonus, along with the company’s contributions to the employee 401K accounts, totaled $1,586,562.58. The company matched up to 15% of employees’’ contributions to their 401K accounts from their bonuses. This celebration marks the company’s 38th year of existence and continued growth for all three subsidiaries: Central Boiler, Inc., Altoz, Inc., and WoodMaster, Inc.
Despite a year that didn’t go without supply chain challenges, this bonus tops the distributions given in the last 13 years. “We saw continued growth in demand for our products across all brands this year. Everyone throughout the company has worked hard to meet these demands, and it has not gone unnoticed,” said Dennis Brazier, Owner and CEO. “We couldn’t be more proud of the extra effort that was given and everyone’s willingness to step up and overcome the challenges this year presented,” said Terri Brazier, Owner.
A review of the companies’ accomplishments was highlighted during the event. The percentage of overall total sales growth for all three companies is up mid-double digits over last year. Altoz celebrates its 10th Anniversary this year with mower sales up 57% and revenue up 86% over last year, even with supply chain challenges. The Altoz brand expanded its product offerings in the outdoor power equipment industry this year with the launch of the multi-seasonal, multi-purpose Switch compact tool carrier that powers multiple attachments, including a snow blower, blade, mower decks, and more. Since its release, the Switch has received multiple awards for innovation. With the 75,000-square-foot expansion at the Red Lake Falls facility nearing completion and new product offerings, this lays the groundwork for significant growth next year for Altoz. “We have broken many records this year and have exceeded last year’s furnace sales with our two biggest months yet to go. Thank you to all of the employees for the extra efforts this year to make this happen,” said Dennis Brazier.
As the country continues to face labor shortages, the company was able to expand its workforce. This is partly due to the expansion of its Red Lake Falls facility and the company’s family culture. “We have been fortunate to be able to increase our workforce this year,” said Jarod Reierson, Human Resources Manager. The company currently has 295 employees and numerous job openings in its Greenbush and Red Lake Falls, MN offices and manufacturing facilities. Another big announcement at the event was employee health insurance costs. “I am proud to be able to announce that the weekly employee contributions for health insurance are going to stay the same for 2023. This will be the sixth year in a row that the employee premium cost is staying the same,” said Reierson. This is the ninth consecutive year that Central Boiler Companies has been MNSHARP certified, one of only 34 other companies in Minnesota to achieve this status. MNSHARP recognizes companies whose managers and employees work together to develop safety and health programs that go beyond basic compliance with all applicable OSHA standards and that result in immediate and long-term prevention of job-related injuries and illnesses. Over the last three years, the company’s recordable injury rate has been 68.5% below the national average.
About Central Boiler/Altoz/WoodMaster
Central Boiler has been the leading manufacturer of high-quality outdoor wood furnaces since 1984. Among its many industry-leading accomplishments was the production of the first EPA-qualified outdoor furnace in 2007 and being one of the first to meet the 2020 EPA emission limits. Central Boiler has a sales and dealer network established throughout the United States and Canada and exports its patented technology to foreign countries. Altoz is an outdoor power equipment company built by an experienced team of engineering specialists, turf-industry professionals, and Powersports industry leaders. Inspired by a passion for excellence, Altoz was the first in the industry to produce a zero-turn mower with tracks, followed shortly thereafter by the first tracked stand-on mower. WoodMaster has been producing industry-leading outdoor furnaces since 1989, continually finding innovative uses of natural energy and alternative fuel sources. The company was the first to manufacture bioenergy flex fuel furnaces and one of the first to manufacture an outdoor wood furnace that meets the 2020 EPA emission limits. The company has a dealer network that spans the United States and Canada.
For additional information on these companies and their products, please visit CentralBoiler.com, Altoz.com, or WoodMaster.com.
