Ferguson adding 434 jobs in Newport News
- June 5, 2017
Plumbing wholesaler Ferguson has announced a major expansion at its Newport News headquarters. The company is investing $82.8 million to add a campus at City Center at Oyster Point, a move expected to create 434 jobs and retain more than 1,000 positions.
The new campus will house Ferguson’s information technology (IT) workforce and other corporate functions.
Ferguson is the largest wholesale distributor of residential and commercial plumbing supplies and pipe, valves, and fittings in the U.S. The company also is a major distributor of heating, ventilation and air conditioning (HVAC) equipment, fire protection systems, waterworks, and industrial products and services.
Founded in 1953, Ferguson has grown from a local distributor to a $13.8 billion company with more than 1,400 locations and over 23,000 employees nationwide. It employs nearly 3,000 people in Virginia, according to Secretary of Commerce and Trade Todd Haymore.
The Virginia Economic Development Partnership worked with the City of Newport News to secure the project for Virginia. Gov. Terry McAuliffe approved a $2 million grant from the Commonwealth’s Opportunity Fund to assist Newport News with the project. The company also is eligible to receive state benefits from the Virginia Enterprise Zone Program. Funding to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.