BPI Packaging will invest $8 million to establish a 291,000-square-foot facility on Magnolia Drive in Olive Branch, Mississippi. The property was previously occupied by Sherwin Williams. The company plans to create 150 jobs.
“We are tremendously excited about the purchase of the facility in Olive Branch,” BPI President Bobby Dunn said. “This acquisition will provide BPI with the physical plant and opportunity to grow our contract manufacturing capabilities into the areas of industrial coatings and performance chemicals. We are especially thankful for the strong support and assistance that we have received from the city of Olive Branch, DeSoto County and the Mississippi Development Authority. We look forward to bringing quality manufacturing jobs to the area and building on our long history of corporate citizenship and community growth.”
As an incentive, the Mississippi Development Authority is providing a rail spur to assist with the project. The city of Olive Branch is providing in-kind assistance.
“The state of Mississippi is glad to welcome BPI Packaging as its newest business partner,” Governor Phil Bryant said. “I thank the BPI team for recognizing the numerous benefits of a North Mississippi location and for creating 150 new jobs for the residents of Olive Branch and the surrounding areas. When companies choose to invest in Mississippi, it shows the world that great things are happening here and that we are open for business. I wish BPI many years of success in DeSoto County.”
“One-hundred-fifty new career opportunities are now available to the people of DeSoto County and North Mississippi through BPI Packaging’s investment in Mississippi,” said MDA Executive Director Glenn McCullough Jr. “We appreciate their long-term commitment to economic development in our state. MDA salutes our teammates at the DeSoto County Economic Development Council, the city of Olive Branch and the DeSoto County Board of Supervisors for their partnership with MDA on this project.”
Source : areadevelopment.com