Pictured above (from L): Joe Balog, Police Chief, Village of Genoa City; Derek D'Auria, Executive Director, Walworth County Economic Development Alliance; Dave Anstett, President, Powernail Company; Sam Rikkers, Deputy Secretary & COO, Wisconsin Economic Development Corporation; and Jim Paetsch, Senior VP & Executive Director, Milwaukee 7.

Powernail Company, a manufacturer of pneumatic nailers and flooring cleats used to install hardwood floors, will move its headquarters and production operations from Lake Zurich, Illinois, to Genoa City, state and local officials announced on Monday.

"Wisconsin is pleased to welcome Powernail, an innovative, family-owned manufacturer to our state," said Missy Hughes, secretary and CEO of the Wisconsin Economic Development Corporation (WEDC), the state's lead economic development organization.

Founded in 1947, Powernail's tools and cleats are the choice of professional flooring installers around the globe. The company's culture of innovation has created a roster of products that make hardwood floor installation easier, safer, and quicker. Powernail has commenced construction of a $5.7 million, 40,000 square foot headquarters and production building located on 4.5 acres along Williams Road in Genoa City. The company expects to employ nearly 40 full-time workers within three years.

"Wisconsin is the perfect location for Powernail," said Powernail President Dave Anstett. "There is a long history of manufacturing and deep talent base to support our long-term goals. We are thrilled to be growing our company in a production-friendly state like Wisconsin."

Milwaukee 7 (M7) worked with the Walworth County Economic Development Alliance (WCEDA) and WEDC to attract Powernail to Wisconsin.