Hydrite, an integrated manufacturer and supplier of chemicals and related services, plans to expand its facility in Waterloo, Iowa. The $21 million project is expected to create 20 jobs over the next three years.
Hydrite will increase manufacturing and warehouse space, and the expansion of their transportation fleet, according to company officials. The expansion will bring the workforce total to 158 employees at the Waterloo location.
"We understand the foundation of a great workplace relies on building blocks that are fundamental in company culture,” said Kevin Honkamp, President of Hydrit. Our core values and expectations focus around Integrity, Innovation, Quality, People, and Responsible Growth. We see these key attributes not only in our culture at Hydrite but throughout the people in the state of Iowa. We appreciate the long-term partnership and look forward to contributing to the community in the future."
The project is being supported with the help of tax benefits awarded through the Iowa Economic Development Authority High Quality Jobs tax credit program. The High Quality Jobs program provides qualifying businesses assistance to off-set some of the costs incurred to locate, expand, or modernize an Iowa facility. Additional incentives came from the city of Waterloo, and Hawkeye Community College in Waterloo will provide job training.
“Hydrite has found success in Waterloo completing multiple expansions at their location over the years, most recently in 2017,” said Noel Anderson, community planning and development director. “We are especially pleased to bring these additional good paying jobs to Waterloo.”
Hydrite, a family-owned company established in 1929, is one of the largest independent providers of chemicals and related services in the United States. Headquartered in Brookfield, Wisconsin, the company has a network of manufacturing facilities, warehouses, and laboratories located in Illinois, Wisconsin, Iowa, Indiana, California, and Texas, with nearly 1,000 employees in more than 25 states.