VICKSBURG — CAM2 International, LLC of Evergreen Col., has acquired an existing lubricant blending and packaging facility located in Vicksburg.
Terms were not disclosed.
CAM2 said the Vicksburg facility, which it does not identify by name, will become CAM2’s new corporate headquarters and serve as CAM2’s Southern blending and packaging operation. The 93,000-square-foot facility is situated on 19 acres and has access to the Mississippi River. The site features a full-line manufacturing plant with a single shift operating capacity of over 100 million gallons annually, a warehouse and distribution facility and testing and packaging operation.
“After careful consideration, our team concluded that the city of Vicksburg and its port facilities were a perfect fit for a growing CAM2, providing us with low-cost freight access to the nearby sources of many of our raw materials along with the availability of this outstanding and existing facility. The location in Vicksburg aligns perfectly with our passion to become the most reliable lubricant supplier in the world,” said president Walter Tyson.
According to the company, this project represents a significant capital investment by CAM2 and will create “numerous” jobs in the first year of operations for the Vicksburg area.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info