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August 30, 2013

Grain and Cereal company to take over former Lance/Fritz Industries plant

GREENVILLE — For the second time this month, the Greenville Board of Development has landed a major economic development project for the city.

Board of Development CEO Greg Sims announced Friday morning that International Grains and Cereal LLC will initiate manufacturing operations in Greenville inside the former Lance Plant on State Highway 66.

Sims said Greenville was chosen after almost six months of heavy negotiation, and beat out competing bids from the States of Oklahoma and Kansas. The company intends to produce corn based products with proprietary technology to serve the US, Canadian, Central American, Caribbean and European markets. Sims said the Greenville facility was selected as it will enable the company to operate efficiently because of its proximity to raw materials and easy access to ports for export.

Sims explained the Board of Development received a lead on the project from Texas Governor Rick Perry’s State Economic Development Office last December. The Board of Development worked with the national Dallas real estate brokerage firm of Cushman and Wakefield, represented by Brokers, Rick Hughes and Mark Becker.

"Project investments including purchase and retrofit of the facility will exceed $18 million over time and employ up to 50 personnel in this agriculture manufacturing facility in Phase 1," Sims said. "The company does have plans for future expansions.The facility currently has 210,000 s.f. with three concrete silos on 101 acres."

“Greenville competed fiercely with the States of Kansas and Oklahoma and I want to welcome International Grains and Cereal LLC to Greenville with open arms," Mayor Steve Reaid said. " I also want to commend all the Greenville Economic Development team of: the GBOD Board Members and Staff, the City Council and City Staff, our County Judge and Commissioners, GISD Board and Staff, GEUS Board and Staff, Hunt Regional Healthcare Board and Staff, for coming together with the aggressive approach to land this very important project for Greenville. Also, this project would not have happened had the City of Greenville and GISD not passed the Freeport Exemptions last fall.  We still need to honor our incentive commitment offers including City and County Tax Abatements through the public process but the excitement of landing a great company like International Grain and Cereal is contagious. We were in the ball game, took some swings and hit the home run. Congratulations to all involved.”

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