MPEDC ANNOUNCES BUILDING SALE

Mount Pleasant Economic Development Corporation (MPEDC) is pleased to announce the sale of its first speculative building to RoadClippers, Inc (d.b.a. Diamond C Trailers). The 40,000 square foot, concrete tilt up shell is under finish-out construction at 450 Commerce Drive and is located on a 6.2 acre tract within the 200-acre Mount Pleasant Business Park along Interstate 30.

Diamond C Trailers has grown employment by nearly 300% since 2017, rapidly scaling from approximately 200 employees to about 720 team-members currently. The company expects to reach 900 employees by the end of 2022. Additionally, the company has made tens of millions of dollars in private investment in the community since 2018 through mergers and acquisitions and substantial facility and equipment expansions at four different sites in Mount Pleasant and one outside city limits.

“MPEDC is elated to be working with Diamond C, a family-owned, homegrown, and nationally respected firm,” said Nathan Tafoya, Executive Director of  MPEDC. “This was a win-win for the company and the community.”

Mr. Tafoya credited his predecessor, Charlie Smith, with his vision and implementation of a quality built speculative building.

“It is important to note that the speculative building did exactly what speculative buildings are supposed to do . . . reduce the time, cost, and risk to an industry firm considering relocating to, or expanding in, our community,” said Mr. Tafoya.  “In fact, a major decision factor in Diamond C’s purchase was the need to quickly locate a facility large enough to house a 2-story industrial laser being delivered from Europe, as well as locate a building that could facilitate current and future operations with adequate infrastructure already in place.”

On December 8, 2021, the MPEDC met at a special called board meeting and approved the sale and assistance package to the company. Final approvals were made by City Council on January 4, 2022.

Diamond C purchased the speculative building for $1.8 million. In addition to more than $6 million in private investment in 2022 alone, the company will conservatively create 40 jobs at this facility within 12 months with an average wage of $20/hour. The purchased facility will house Diamond C Trailers’ Technology Advancement Center. Diamond C expects to expand the facility within the next 36 months, doubling its size to approximately 80,000 square feet.

To assist Diamond C’s hyper growth, including other multimillion dollar investments and significant job creation in the City of Mount Pleasant, MPEDC will provide $900,000 cash in the form of a forgivable loan with clawbacks. The forgivable loan is tied to a strict performance agreement.

“We are thankful for the partnership of the MPEDC and for the availability of this spec building, just in time for our laser delivery which is the beginning of a big step forward in technology for the growth and success of our team-members, customers, and community.  The team at this facility will utilize high-tech, automated metal cutting and forming machines along with robotic weld cells and automated material handling to manufacture small parts and assemblies to support our trailer manufacturing teams at other facilities with ultra-high quality parts, just in time.  We are thankful for the many incredible team-members and leaders that are making this progress possible!  It will be a positive force for good in Mt. Pleasant and beyond,” said Jeffery  Crabb, CEO of Diamond C Trailers.

Diamond C was founded on the principles of #DoWork and #LoveStrong, extraordinary trailers, and extraordinary people.