Prudential Stainless & Alloys, L.P., a globally recognized master distributor, has announced they have purchased the warehouse facility in the Tarboro Commerce Center Industrial Park. The company will occupy and renovate the existing shell building with a $8.4 million investment and the addition of 30 employees.
Prudential Stainless is a wholesale master distributor of stainless steel, nickel alloy and aluminum pipe, tube and bar. As a leading master distributor, they only sell to other distributors throughout the USA, Canada and worldwide.
“The Town of Tarboro is thrilled to welcome Prudential Stainless & Alloys, L.P. to our community and excited about the creation of 30 jobs and $8.4 million investment in our shell building development. This significant milestone not only boosts our local economy but also demonstrates the Town’s commitment to attracting growth and providing valuable opportunities for our residents,” said Troy Lewis, Tarboro town manager.
Prudential Stainless will be relocating to North Carolina from New Jersey. The company will complete construction on the warehouse facility at One Commerce Center Drive and add another building for a total of 100,000 square feet, plus a one-acre fenced in storage yard.
The new site will employ 10 employees within the next few months and a total of 20 – 30 long term. Although they are not a large employer, they have a history of keeping employees for 10, 20 and 30+ years. In business since 1948, they have never had a furlough or layoff.
“We chose Tarboro for the business-friendly environment, the welcoming people, the central location for truck and air shipments, and the proximity to seaports. We are very excited to make this move and to become part of such an amicable community for years to come,” said Joe Kreitzer, president of Prudential Stainless & Alloys, L.P.
The company will utilize the North Carolina Logistics Highway, an innovation merging of transit partners to build customizable transit solutions. Consisting of airports, highways, rails and seaports, Prudential Stainless will be able to design shipping solutions to meet their needs and product demand.
“The Carolinas Gateway Partnership prides itself on building better futures through economic growth. With Prudential Stainless’ relocation to the region and their proven track record of success as both an industry leader and employer, the opportunity for a brighter future and economic growth in Tarboro is evident,” said Bob Pike, president and CEO of the Carolinas Gateway Partnership.
“Prudential Stainless is poised to be strong partner of the community and region, and we look forward to welcoming them into the Carolinas Gateway region,” added Pike.
Established in 1997, the Carolinas Gateway Partnership is a public-private partnership dedicated to the creation of community wealth through the retention, creation, and expansion of business opportunities in Edgecombe County, the City of Rocky Mount, and the Town of Tarboro.
Contact:
Joe Max Higgins
(662) 328-8369
jhiggins@gtrlink.org
