Superior, WI (Northland's NewsCenter) -- There's more good news on the jobs front in Superior. Exodus Machines has announced they've formed an alliance with Caterpillar Incorporated, a fortune 100 company.
LeAnn Wallace has the details.
This agreement with Caterpillar is expected to create around 300 jobs.
This news comes just days after Kestrel Aircraft announced its plans to create approximately 600 jobs in Superior.
Exodus currently employ's about 55 workers in Superior, and that number is expected to grow to around 350 to 400 employees over the next six to eight years.
Caterpillar first approached Exodus about 14 months ago because they were interested in a piece of equipment that Caterpillar doesn't currently produce.
"We produce a machine in a class that they didn't have which is the 25 to 75 metric ton weight class and actually, it was their dealers that really drove Caterpillar on this one saying 'we're losing sales because of it, because we don't have an offering," said CEO, Kevin Boreen.
Exodus is also planning to expand its plant, adding an additional 50 to 60 thousand square feet.
Company officials say they're currently looking at ways to acquire the needed space around the building for the expansion and looking to the city, state and county for any additional funding they may need.
The first piece of Cat branded equipment is expected to roll off the Exodus line in early 2013.