Deal Near Complete for Jeanerette Mills - KLFY News 10

Deal Near Complete for Jeanerette Mills

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Cabot Corporation is a massive company operating all over the world, but has deep roots in south Louisiana. They make things that we find in our daily lives, and now they want to make the empty Jeanerette Mills building a new strategic asset, and Mayor Tim de'Clouet could not be any more excited.

"We have a lack of understanding of what carbon black is. I think after tonight and making a presentation they opened arms to the company coming in," de'Clouet said.

Monday night, Representatives from Cabot Corporation were in Jeanerette to explain why the city is a perfect fit.

"Geographically it's appealing, the highway right there is close, New Orleans is probably two hours at best away to the terminal" said Ken Hebert.

The ten year, $2.4 million deal is to lease the old Fruit of the Loom building that's been empty for two years. Even though it sat vacant, the city has still kept it up, costing them thousands of dollars.

"Over $75,000 annually and I think it was important to keep the utilities on, maintenance, cutting the grass, security, and things of that nature," de'Clouet says.

Cabot specializes in carbon black products that go into things we see and use everyday from plastics to rubber tires. They will use the Jeanerette Mills plant as a warehouse for distribution.

"We're taking material we pack at our plants in bags and FIBC's. Store them in there and distribute them out locally in the U.S. or overseas." said Hebert.

De'Clouet says besides the financial benefit, Cabot is known to get heavily involved in the community.

"They have shown from past experiences in other communities throughout the nation that they've been very part of the community."

All that's left between the city and Cabot from shaking hands and signing on the dotted line is a three week period for the deal to be advertised.



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