Dollar Tree to invest $130m in new retail distribution center in Texas

TAGS

New Dollar Tree distribution center in Texas : Dollar Tree, a US chain of discount variety stores, revealed its plan to invest nearly $130 million to establish a new retail distribution center in Texas.

The new Dollar Tree distribution center to come up in Rosenberg in Fort Bend County is expected to generate more than 300 new jobs in the region.

The retail chain’s final decision to build the new distribution center in Rosenberg will be subject to approvals of the mutually agreed upon packages with the City Council, the Rosenberg Development Corporation, and the Fort Bend County Commissioners Court.

See also  Energy Transfer to acquire rival midstream company SemGroup for $5.1bn

It will also be subject to securing a 140-acre site among other conditions.

Dollar Tree to build new retail distribution center in Texas

Dollar Tree to build new retail distribution center in Texas. Photo courtesy of M.O. Stevens/Wikipedia.org.

Commenting on the new Dollar Tree distribution center in Texas, Rosenberg City Manager John Maresh, said: “Dollar Tree is a phenomenal company and we are thrilled to welcome them to Rosenberg.

“This was a project that required coordination at all levels and the joint efforts of the City, Rosenberg Development Corporation and County was excellent. It is great to see yet another company take advantage of Rosenberg’s distribution and logistics strengths.”

See also  ALTIVIA sells water treatment chemical business to USALCO

Construction of the Dollar Tree distribution center in Texas is expected to begin in the April to May 2019 period with operations targeted to commence by summer 2020.

The new Dollar Tree distribution center is planned to be located on Spur 10 near Klosterhoff Road.

The retail distribution center in Rosenberg will be built on 1.2 million-square-foot site and will deliver service directly to Dollar Tree and Family Dollar stores.

Gary Philbin – Dollar Tree President and CEO, commenting on the new Dollar Tree distribution center in Texas, said: “Dollar Tree is a large and growing organization.

See also  Ascend Performance to acquire Poliblend and Esseti Plast GD from D’Ottavio

“We currently operate more than 1,600 Dollar Tree and Family Dollar stores in the state of Texas and we are excited about our new distribution center project in Fort Bend County.

“We expect this new, state-of-the-art facility will enhance our supply chain efficiencies and provide convenient access to our network of stores through reduced stem miles, all while creating hundreds of new jobs.”

As of 3 November 2018, Dollar Tree had a network of 23 retail distribution centers in the US. The latest retail distribution center opened by the discount chain was at Warrensburg in Missouri in July 2018, which saw an investment of around $110 million while creating 400 jobs.

CATEGORIES
TAGS
Share This