Oddello Industries Invests $4 Million To Expand Its Morristown, Tennessee Manufacturing Facility
Area Development Online News Desk (06/27/2013)
A contract manufacturer serving the world’s leading furniture brands, Oddello Industries, will invest $4 million to expand its Morristown, Tennessee, production facility, creating 228 jobs in Hamblen County.
“Our expansion in Morristown solidifies Oddello’s domestic presence and commitment to Made in America and Made in Morristown manufacturing,” Oddello Industries COO Tom Roberts said. “With rising overseas costs of production, shipping and wage rates, Morristown is a logical fit for Oddello’s continued growth. Morristown and the surrounding areas provide a ready workforce, competitive real estate costs and reliable utilities. Oddello began as an east Tennessee company, and we are proud to expand here and want to thank the state of Tennessee for their continued investment in Tennessee companies.”
“I want to thank Oddello for its investment in Tennessee and for the new jobs the company is creating and bringing to Hamblen County,” said Gov. Bill Haslam. “We are fortunate to have strong companies like Oddello continuing to grow in our state and helping us toward our goal of becoming the No. 1 state in the Southeast for high quality jobs.”
“Job creation in today’s global economy is driven by efforts made both within our state as well as abroad, and we remain equally focused on regaining jobs from overseas markets to keep Tennessee companies competitive,” said Economic and Community Development Commissioner Bill Hagerty. “I appreciate Oddello’s contribution toward offsetting the U.S. trade deficit by returning high quality manufacturing jobs to Tennessee, and I wish the company much continued success in the future.”
“We are encouraged by the additional 200 jobs that Oddello is adding to their workforce and the $4,000,000 investment into their facility,” Morristown Mayor Danny Thomas said. “Their growth from 35 employees to 415 in the past year is a testament to their ability to survive and prosper in a highly competitive market. We congratulate Oddello on their growth and thank them for the confidence in our community. We look forward to their continued success and thank them for being a good corporate citizen.”