LEDC Gattefossé Press Release
LEDC Official Press Release – Gattefossé USA
December 22, 2020
Lufkin Economic Development Corporation (LEDC) announced the approval of an economic incentive to Gattefossé USA, a North American affiliate of Gattefossé, a French corporation.
Gattefossé is a family owned company that was founded in Lyon, France, in 1880. Gattefossé is a leading provider of specialty ingredients and formulation solutions for the beauty and health care industries worldwide. Their history is built on a deep commitment to sustainability, innovation, and service.
Gattefossé will invest a minimum of $30 Million in capital investment and commit to at least 10 new full-time employees. Construction of the facility shall commence on or before October 1, 2022 and be completed by June 30, 2024.
In exchange for the $30 Million capital investment, LEDC will execute a conveyance of a 15-acre tract of land located in the City of Lufkin Industrial Park. The City of Lufkin will also consider a 10-year tax abatement for the project at the next scheduled city council meeting to be held on January 19, 2021.
“Gattefossé will be an excellent addition to our city and industrial park as Lufkin continues to attract high quality companies. The diversity of new businesses like Gattefossé are a constant reminder of how Lufkin, Texas is competing on a global scale for top tier companies and we are winning. This will also be a great opportunity to showcase our recent Foreign Trade Zone designation”, said Bob Samford, Lufkin Economic Development Director.
“Everyone at Gattefossé is excited about the opportunities and future growth of our company that the location in Lufkin, Texas offers. We know this facility will accelerate our core values of diligently working to guarantee the quality and reliability of our ingredients while providing our customer with all the support and resources they need to make successful products that address global consumers demands” said Eric Brun, President and CEO, Gattefossé North America.
Director, Economic Development
City of Lufkin