A manufacturer of motorsports racing fuels plans to invest more than $14 million to expand its operations in northwest Tennessee, state officials said.
VP Racing Fuels, Tennessee Gov. Bill Lee and the state Department of Economic and Community Development said Thursday that the company will expand its operations in Huntingdon and acquire a new facility in McKenzie near the Carroll County Airport.
Officials said the project will create 150 new jobs, less than three years after VP Racing Fuels invested more than $4 million in its Huntingdon operations.
A subsidiary of San Antonio-based Texas Allied Holdings Inc., VP Racing Fuels produces race fuel, small engine fuel, auto performance chemicals and plastic utility containers.
“This expansion will be an economic boost to the community,” state Sen. John Stevens, a Huntingdon Republican, said in a statement.