HUNTERSVILLE, N.C. - August 6, 2008- Cefla America, a division of Cefla Group, an Italian manufacturing company based in Imola, Italy, announced plans to establish its North American headquarters in Huntersville, NC, investing more than $15.9 million and creating 90 new jobs over the next three years.

“We’re delighted to establish our North American headquarters in Huntersville, an area with superb transportation access for our customers, both international and domestic, as well as a highly educated workforce,” says Walter Favruzzo, Vice President – General Manager for Cefla America. “Huntersville made attractive sites available to us and helped us throughout the site selection process, so we know our customers and employees will have a great experience,” adds Favruzzo. The company is still considering two sites in Huntersville.

“I am thrilled to welcome Cefla America to the Town of Huntersville and to the Lake Norman region,” says Huntersville Mayor Jill Swain. “In addition to the jobs Cefla will offer our citizens, the fact that Cefla is an international company says a lot about this region’s ability to attract business and industry.” Town of Huntersville commissioners authorized negotiation of an economic development initiative grant valued at approximately $23,200 per year as part of a five-year incentive plan.

“It’s important to look at the big, long-term picture and the value of more jobs, a vibrant economy and a greater diversification of our tax base,” says Swain. “The Lake Norman region is actively competing with other parts of the country and state for new industry, and we recognize the value and necessity of incentives.” Cefla America’s has also received approval of a Business Investment Program incentive from Mecklenburg County.

Cefla Group’s decision to locate their North American headquarters in the Lake Norman region is another strong indicator of the high-caliber companies our area attracts,” says Craig Norfolk, Board Chairman, Lake Norman Regional Economic Development Corporation. “Not only do companies like this make a huge investment in our communities, but their new businesses also stimulate a flurry of new investments from their employees and vendors,” Norfolk points out.

“When a new company of this magnitude comes aboard, the entire community benefits from the purchases the new company’s vendors, employees and customers make – everything from hotel stays and restaurant meals to building supplies, home purchases and groceries,” says Norfolk.

Cefla America’s almost $16 million investment in Huntersville includes establishing a 120,000 square foot office, lab, manufacturing and distribution facility, and a research and development showroom. The company plans to manufacture and distribute wood finishing equipment and dental equipment from the Huntersville location. Cefla Dental Group, one of the company’s four divisions, is a leading European manufacturer of dental units. For more information about Cefla America, visit www.ceflaamerica.com.

“Establishing a U.S. headquarters in Huntersville, North Carolina is a significant stage in our company’s history,” says Favruzzo of the Cefla Group. “Lake Norman Regional Economic Development Corporation (LNREDC) made the search for the right North American headquarters location a smooth process,” he adds. “We look forward to much success as we broaden our manufacturing and distribution capabilities in the United States.” In addition to Lake Norman Regional Economic Development Corporation, other partners who assisted with the project include the Charlotte Chamber of Commerce, Mecklenburg County and the Town of Huntersville.

Cefla Group is a 328 million euro/year company established in 1932 in Imola, Italy as a company specializing in electrical and thermal hydraulic installations. From 1950 to 1970, the company expanded to establish three operating divisions and added a fourth operating division in the dental sector in 1990. The company’s four divisions concentrate on manufacturing and distribution of store fixtures and fittings, finishing systems for wood-based products, civil and industrial plants, and dental equipment. The parent company operates manufacturing sites in Italy, Brazil, Germany, China, and the United States. Cefla Group has sales offices in Spain, France, Germany, Russia, Poland, Singapore, India, the United Arab Emerites, Canada, and the United States.

Lake Norman Regional Economic Development Corporation is a 501(c) 3 nonprofit organization organized in 2003 as a collaborative effort by the towns of Cornelius, Davidson and Huntersville. The mission of the organization is to develop and implement an economic development strategy for the three towns in the Lake Norman region that results in an expanded tax base and improved quality of life for the region’s residents through the creation of new, highly skilled jobs.

Since its inception, Lake Norman Regional Economic Development Corporation has promoted the development and marketing for the following industrial parks: Village at Lake Norman in Cornelius, Bailey Commerce Park in Cornelius, Harbour Place in Davidson, North Mecklenburg Industrial Park in Huntersville, and Bryton in Huntersville. The organization also worked with Prairie Packaging to locate 240 new jobs and a $48 million total investment in the region, assisted existing industry Newell Rubbermaid with a $7.55 million expansion and 320 new jobs, and helped Microban, another local industry, complete an $8 million expansion including 45 new jobs. For more information, go to Lake Norman Regional Economic Development Corporation’s website at www.lakenormanregion.com.

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