BARCO Invests Millions & Creates New Jobs in Tallapoosa
British American Rubber Company (BARCO) a subsidiary of Montague Investments LLC, is investing $8.5 million and creating 35 new jobs by opening a specialty rubber compounding facility in Tallapoosa, Georgia.
BARCO will begin construction of a 60,000 square foot state of the art specialty rubber compounding facility on the 61 acres of the former Hoover Hanes site in Tallapoosa. The company plans to hire over 30 people during the initial 3 year ramp up period and invest over $8,500,000 in land, building, and equipment.
Ultimately the company plans to create a total of 56 jobs within five years according to Mike Cash, President, with BARCO. “We considered sites and locations around the southeast and ultimately choose Tallapoosa and Haralson County based on the suitability of a site designed for our process and the availability of skilled workers with experience in rubber compounding.” Cash stated.
Pete Bridges, Mayor of Tallapoosa says, “This is exactly the type of company we are looking for. We have a deep history in rubber compounding and manufacturing. We are pleased to welcome BARCO as a new member of the Tallapoosa family.” At one time, Tallapoosa was home to four rubber compounding plants that employed many hundreds of people.
The new BARCO facility will be constructed on a site owned by the Development Authority of Haralson County. “We purchased this site because of the existing infrastructure including an access road, all the needed utilities, and an active rail spur.” Says Authority Chairman, Donny Boswell. He continued, “BARCO will not only put an $8,500,000 asset on the tax rolls, it will also return our capital and allow us to develop additional sites for industrial attraction.”
The company will purchase the site from the Haralson County Development Authority for $475,000. The Tallapoosa Development Authority will contribute $26,000 towards the purchase price. “We are delighted BARCO choose Haralson County as their new location. New industrial growth is essential for our county’s future.” Commission Chairman Allen Poole, stated. “ This was a team effort that involved the Haralson County Commission, City of Tallapoosa and two Development Authorities. In addition, Georgia Power came in with a very aggressive rate.”
A more formal groundbreaking ceremony will be held later. BARCO plans to begin construction of the facility in May and plans to start operations in early 2017. Montague Investments specializes in manufacturing investment in the US and Europe. For more information about Montague Investments, contact Cathy Warren at 678-804-1219.