FOR IMMEDIATE RELEASE
July 22, 2024
ROCKWALL ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES NEW XERXES® MANUFACTURING LOCATION
ROCKWALL, Texas – The Rockwall Economic Development Corporation (“REDC”) has successfully recruited Xerxes® Corporation (“Xerxes”) to open a state-of-the-art manufacturing facility in Rockwall. Xerxes is a business unit of Toronto-based Mattr Corp. (“Mattr”) (TSX:MATR) – an engineered technologies and infrastructure solutions company serving the utility, automotive, communication, water management, energy, and transportation markets. Mattr has been in business for over 50 years, and last year rebranded from their former name Shawcor. In July 2023, the REDC and Mattr announced a new manufacturing facility in Rockwall for Flexpipe® Systems (“Flexpipe”)– another Mattr business unit that produces spoolable, flexible pipe made from thermoplastics and fiberglass for the oil and gas industry. Flexpipe celebrated the grand opening of the new Rockwall facility on June 19th.
Xerxes has leased an additional 50,000 square feet of space adjacent to Flexpipe at 1351 Corporate Crossing and expects to become operational in late 2024 or early 2025. The Rockwall location will manufacture HydroChain™ stormwater management chambers, which are used in underground storage as part of a comprehensive stormwater management system.
“This new Xerxes footprint in Rockwall allows us to leverage our expertise in complex manufacturing to produce our HydroChain chambers in-house,” said Kevin Rayner, Vice President of Xerxes, “The community of Rockwall is a natural fit, as it has proven to be business-friendly in nature and is home to a tremendous talent pool of skilled professionals.”
Xerxes anticipates hiring 10 additional employees in Rockwall and making further investments in their facility, advanced manufacturing equipment and taxable inventory. The Rockwall facility will serve as Mattr’s flagship manufacturing center of excellence. Xerxes and Flexpipe will showcase the company’s newest and most advanced technology and will host visits from Mattr’s customers as well as Mattr executives from Canada and Houston.
“It’s always great when a new company moves to your community, and quickly enhances its presence and investment,” said REDC President Phil Wagner. “We are excited about the Xerxes announcement, and coupled with the establishment of the Flexpipe facility, it no doubt speaks to the value proposition Rockwall offers for advanced manufacturers like Mattr.”
The REDC worked with the CBRE Location Incentives team including Eric Stavriotis and Spencer Donahue, who represented Mattr in their location search. Stream Realty Partners handled development and leasing for 1351 Corporate Crossing, which was acquired by investment firm Westcore in 2023.
About Rockwall Economic Development Corporation
Since 1996, the Rockwall EDC has actively worked to retain, expand, and recruit industry to Rockwall. The mission of the Rockwall Economic Development Corporation is to broaden and diversify the tax base through new business attraction, land acquisition and development, progressive infrastructure, corporate business expansion, and job creation. For more information about the Rockwall EDC, call (972) 772-0025 or visit www.RockwallEDC.com.
