Zipper maker to expand in Oxford

Posted July 22, 2014

— A company that makes zippers plans to expand its Granville County operation, creating 155 jobs in the next five years, officials said Tuesday.

Ideal Fastener Corp. expects to invest more than $5.7 million to upgrade its plant in Oxford, which already employs 226 people, officials said.

“We have been manufacturing in North Carolina for over 45 years, and we are excited about our continued growth and future here,” Steven Gut, vice president for Ideal Fastener, said in a statement. "We are continuing to invest in additional capacity to help us better service our valued customers."

The privately held company is the second-largest zipper manufacturer in the world, and state Commerce Secretary Sharon Decker said the expansion will allow the company to "manufacture a zipper using new technology that its customers will be able to apply to their products."

The state Economic Investment Committee approved a Job Development Investment Grant for Ideal Fastener, providing the company up to $1.3 million in rebates of employee withholding taxes if it meets job and investment targets over the next 12 years.


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  • miseem Jul 22, 2014

    I'm sure if the private development agency authorized by our General Assembly were in place, it would have been 160 jobs in 4.5 years. Of course, we would have had no idea what the cost of getting this increase was.

  • jmoxley2010 Jul 22, 2014

    More evidence proving Granville County is the crotch of NC.

  • Anita Woody Jul 22, 2014

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    Uneducated people who populate the counties outside of the triangle need opportunities as well. I'd rather see those people working before people in China.

  • "Screen Name-8/20" Jul 22, 2014

    Glad to hear it. Oxford needs all the job help it can get. But let's be honest. 155 jobs over the next 5 years is a drop in the bucket when one considers the tens upon tens of thousands of jobs NC lost 5-6 years ago.

  • bluebox1967 Jul 22, 2014

    I briefly worked there, nothing but a sweat shop.

  • Ralph Savary Jul 22, 2014
    user avatar

    Just what NC needs, more low paying jobs.