VP Racing Fuels, a race fuel manufacturer and distributor, will invest $4.6 million to locate new operations complex in Huntingdon, Tennessee. The project is expected to create 40 jobs in Carroll County.
“VP was founded over forty years ago in San Antonio, and as the company continues its consistent and remarkable growth, expansion is necessary. Exploring numerous options, it was clear from the start that Tennessee is open for business,” Alan Cerwick, President & CEO of VP Racing Fuels, said. “The State, Carroll County and the City of Huntingdon were all welcoming, and it has been a pleasure to work with these parties. Tennessee is a perfect fit for VP, and we look forward to continued growth with the state.”
“One of our main objectives in Tennessee is to make sure our rural communities are well-represented in the world of economic development,” Governor Bill Lee said. “I want to thank VP for supporting our mission to prioritize rural areas by investing in Huntingdon and creating new jobs in West Tennessee.”
“I am grateful to VP for its decision to locate new operations in Huntingdon and for its creation of 40 new jobs in Carroll County,” TNECD Commissioner Bob Rolfe said. “Tennessee prides itself on being a top location for manufacturing companies. With more than 170 advanced materials operations in Tennessee, we are pleased that yet another manufacturer will now call Tennessee home.”