DPM Fragrances announced today its plans for a $5 million expansion project that will bring an additional 100 jobs to Starkville.
The new facility will be located on 25 acres of land in Cornerstone Park, off Highway 25.
Construction of the building — designed to approximately 150,000 square feet — will begin near year’s end. A contractor for the project has not yet been selected.
Funding sources for the project include local and state incentives, including contributions from the Oktibbeha County Economic Development Association, program funds from the Community Development Block Grant Program and the Appalachian Regional Commission.
Over the past several years, DPM Fragrance has sustained a 30 percent growth rate, and was nationally recognized in 2012, as being one of the fastest growing privately-owned companies in the U.S. The company has been included on the list ever since. In the last year the team has more than doubled in size and has added a second production shift.
“Our growth rate and reputation in the home fragrance industry is a testament to the incredible team that we have at DPM Fragrance,” owner Tom Reed said in a press release today. “We’ve proudly called Starkville home for the last 25 years. It’s a town where we have built our success, and we look forward to continuing that partnership as we continue to grow.”
Joe Max Higgins, CEO of the Golden Triangle Development LINK, said the agreement emphasizes the strong ties between the company and the city.
“DPM Fragrance choosing to continue their growth in Starkville says a lot about their relationship with the local community,” Higgins said. “They are building a world-class facility, and growing with world-class employees.”
The company specializes in the production of high-end specialty candles sold by independent shops and upscales retail chains. According to Inc.com, the company’s profits rose revenue went from $5.6 million in 2010 to $12.7 million in 2013, a three-year growth rate of 126 percent.
DPM Fragrances is located on Lynn Lane.
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