By Caleb Slinkard
The Commerce Journal
Hunt County received some great news Wednesday morning as Gov. Rick Perry announced that Fritz Industries Inc. will be opening a manufacturing and office facility in the former Newell-Rubbermaid plant, creating 250 jobs and $37.5 million in capital investment.
The state is providing $800,000 for the development through the Texas Enterprise Fund.
“Texas continues to be a national example for creating jobs and opportunity thanks to our low taxes, smart regulations, fair courts and skilled workforce,” Perry said. “This TEF investment in Fritz Industries will create hundreds of jobs in Greenville, pump millions of dollars in capital into the local economy, and further strengthen our state’s economy.”
Fritz Industries manufactures products used in drilling and cementing, and stimulation fluids that are critical to the daily operations of oilfield service companies. The company conducts research and development to improve productivity in new oil and gas wells and extend the life of existing wells. Employees at this facility will fill production, supply chain, quality assurance, engineering, maintenance, information technology and human resources positions.
“Fritz Industries is an employee-owned, Texas-based company, and we are proud to make this significant investment in the city of Greenville,” Fritz Industries President and CEO Dan Montgomery said. “This Texas Enterprise Fund investment will help build a state-of-the-art facility that is critical to introducing new initiatives in the oilfield industry and will create employment opportunities for Greenville residents.”
Fritz Industries’ corporate facilities are located in Mesquite and they already have an additional manufacturing facility in Greenville. The opening of the new facility is a reflection of the company and the Greenville community, according to Mayor Steve Reid.
“It’s a win-win for the community,” he said. “It puts that facility back in operation, so we don’t have a one million square foot facility sitting there vacant. And, while it doesn’t replace Rubbermaid’s jobs, it puts us back on the road to getting that facility fully staffed. And, it’s with a group that is already in our community, and that says a lot that they not only wanted to stay here, but also expand their footprint.”
The expansion is the result of the efforts of local political and civic leaders, according to Reid.
“I want to personally thank Gov. Perry, Sen. Deuell and Rep. Flynn for their tremendous support for Greenville,” he said. “We worked very hard with the state to make this deal happen. Dan Montgomery and his team at Fritz Industries filled a major void in our tax base and employment base. I also want to commend the Greenville economic development team of: Chairman Larry Green Jr. and board members, CEO Greg Sims and staff, the City Council and city staff, our County Judge John Horn and commissioners, GISD Board President Anne Hayes and Superintendent Don Jeffries and staff, and GEUS Board, Chairman David Dreiling and David McCalla General Manager and staff for their relentless efforts. Congratulations to all involved.”
Information on job application and a planned opening date have not been announced.
The Legislature created the TEF in 2003 and re-appropriated funding in 2005, 2007, 2009, 2011 and 2013 to help ensure the growth of Texas businesses and create more jobs throughout the state. TEF projects must be approved by the governor, lieutenant governor and speaker of the House. The fund has since become one of the state’s most competitive tools to recruit and bolster business.
To date, the TEF has invested more than $498.9 million and closed the deal on projects generating 69,277 new jobs and more than $20.8 billion in capital investment in the state.