August 28, 2014

EUNICE, La. — Today, Gov. Bobby Jindal and Crest Industries CEO Kenneth Robison announced the company is acquiring the assets and will expand the workforce of Eunice-based Precision Cutting Specialties Inc., or PCS. Crest, based in Pineville, Louisiana, will invest $5 million to develop a new cutting, machining and fabrication facility in Eunice and add new machining centers to existing PCS equipment. Crest will retain 18 PCS jobs, and the expansion project will create 20 new jobs averaging $50,000 per year, plus benefits. LED estimates the investment will result in an additional 24 indirect jobs, for a total of 44 new jobs in the Acadiana Region.

Gov. Jindal said, “After prior headquarters and new plant expansions in Louisiana, Crest Industries is again on the move with another investment in our state. Now, with additional resources and the skilled workforce of Precision Cutting Specialties, Crest can further position itself as a manufacturing leader in the energy sector. Crest Industries is a great template for how Louisiana businesses, as well as other investors, can thrive by accessing our state’s best-in-the-nation business climate, skilled workforce and world-class infrastructure. We’re excited that Crest and PCS will be bringing new jobs to Acadiana.”

“The enhanced capacity that will be brought to an already valuable employer in Eunice itself is real plus,” said Executive Director Bill Rodier of the St. Landry Economic Industrial Development District. “This is another example of the proactive pro-business culture in Eunice and St. Landry Parish that make them an attractive location for companies to consider location or expansion. Crest and its added employees will certainly be a welcome addition to the area.”

The acquisition of PCS marks the third major announcement by Crest Industries in the past year. In January 2014, the company announced a $2.3 million capital investment to add a new office building at its headquarters in Pineville, an expansion that will create 90 new direct jobs and result in an estimated 105 new indirect jobs. Three months prior to that announcement, Crest announced it will build a $15 million galvanizing plant in the Southeast Region of the state. That facility will create 70 new direct jobs and result in an estimated 95 new indirect jobs.

Read more on the Louisiana Economic Development website.