Catamaran Solutions Completes Purchase of Industrial Fabrication Center in Minden, Louisiana
11/29/2018
With the purchase Catamaran Solutions will assume operation with plans to grow the facility’s capacity through future capital investments. The Minden site will serve industrial construction and maintenance customers throughout the Americas, according to Louisiana Economic Development.
Catamaran’s leadership team, as part of the company’s strategic plan, identified the Reynolds Industrial business as an ideal acquisition in piping and structural fabrication; The company anticipates expanding its Louisiana workforce to as many as 500 employees,statewide over time, state economic development officials said.
“We’re very excited to establish our new operations in Minden,” Catamaran Solutions Chief Executive Officer E. Chip Ray said, “and we’re glad to be working with James Graham of the city’s Economic Development Department and with Louisiana Economic Development to help solidify our expansion activities.”
To secure the Catamaran Solutions project, the State of Louisiana offered a competitive incentive package that includes the comprehensive workforce solutions of LED FastStart, the state workforce training program. In addition, Catamaran is expected to utilize Louisiana’s Quality Jobs Program.
“Catamaran Solutions provides a glimpse into our state’s industrial services future,” Governor John Bel Edwards said. “The company is harnessing the assets of a 40-year-old business in Minden, drawing on the talent of Louisiana’s top-ranked manufacturing workforce, and developing technology to create a new kind of industrial services company. We’re encouraged by the growth of Louisiana’s I-20 Cyber Corridor and communities like Minden that are attracting the leading jobs of the future for their people.”
“This is a wonderful early Christmas present,” Minden Mayor Tommy Davis said. “We intend to help Catamaran Solutions LLC exceed expectations as they implement their new investment here in Minden. The city’s economic development program is a long-term investment, and after three years is now beginning to show results.”
“We congratulate the City of Minden for recruiting Catamaran Solutions, which will create good-paying jobs for North Louisiana,” said President Scott Martinez of the North Louisiana Economic Partnership. “I commend Mayor Tommy Davis and Minden Director of Economic Development James Graham for their leadership in bringing this quality company to our region.”
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024