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The Texas Enterprise Fund is investing $800000 in Siro Group USA to close the deal on a manufacturing facility in Seguin that will create more than 200 jobs and pump $58.5 million in capital investment into the local economy.
Grupo Siro the parent company of Siro Group USA is one of the biggest names in the Spanish food industry with 19 production facilities a research and development center and headquarters in five countries. The company produces baby food cookies pastries pasta frozen desserts bread and cereals with more than half of its total output sold to retailers as private label products. This TEF investment will help establish a new facility to produce these products for customers located in Canada Mexico and Central America.
"The city of Seguin is undoubtedly a strategic location to set up our factory due to its environmental conditions and highly qualified people. This factory will allow us to meet the demands of our clients in the United States while creating long-term economic and social value for locals" said Luis Ángel López Cerealto Siro Foods' CEO. "We are really thankful for the support given by the Texas Enterprise Fund the Guadalupe County Tax Abatement Committee the Seguin City Council and the Seguin Economic Development Corporation without which our dream couldn't become a reality."
"We are so delighted to be joining forces with Siro Group USA LLC. The announcement of our partnership with Siro Group adds another great step in our quest to add more diverse jobs here in Seguin" said Terry Trevino Director of the Seguin Economic Development Corporation. "All of our teamwork towards building a strong foundation of diversified employers has put us high on the map and earned us recognition for "Where the Jobs Are" nationally and recently No. 12 in a ranking of ‘Cities on The Rise in Texas.' Seguin has the jobs and we are blessed to jump on board with Siro's vision to make this possible for everyone."
Read the full Texas Business Report (From the March/April 2015 issue) at: http://businessfacilities.com/2015/04/8-things-that-make-texas-an-economic-development-champion/
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