A Texas company that makes oilfield equipment says it plans to expand and add about 100 jobs in Iola.
State commerce officials announced Tuesday that Catalyst Artificial Lift, a Gainesville, Texas company that manufactures oilfield reciprocating rod pumps, bought a 150,000-square foot manufacturing building in Iola.
The company says it will expand its current workforce in Allen County from 22 employees to 120 workers during the next five years.
Catalyst's bought a building that formerly housed the Haldex facility, which closed in 2011 after its operations were relocated to Mexico, costing 160 people their jobs.
Catalyst was offered an incentives package that includes labor to upgrade electrical and plumbing systems, plus $30,000 in direct financial assistance.