Fox Factory Holding Corp. Announces New East Coast Bike Operations in Asheville, North Carolina
ASHEVILLE, N.C. (October 17, 2017)
In conjunction with the Buncombe County Commission and the Economic Development Coalition for Asheville-Buncombe County (EDC), Fox Factory Holding Corp. (FOX) announced plans for expansion that will create about 47 new jobs over the next five years. The company will commence renovations for an approximately 20,000 square-foot building in South Asheville to house regional headquarter functions including sales, finance, research & development, service, and distribution. The move is expected to facilitate continued growth in Eastern US and European markets for the bike division. Today, FOX employs over 1,400 worldwide with a commitment to redefine ride dynamics for the professional athlete and sports enthusiast alike.
Joining FOX are the former owners of Asheville-based Suspension Experts, Kevin and Shelley Booth along with three of their former employees. Their knowledge of FOX mountain bike products and close connection and involvement with the community will be instrumental in contributing to the growth of the service and sales operations.
“We are very excited to now call Asheville, NC home for one of our bike division’s satellite offices focused on service, sales, engineering, R&D, distribution, and finance,” stated Larry L. Enterline, FOX’s Chief Executive Officer. “Along with a very passionate mountain biking culture, we believe Asheville offers us the ability to tap into a top-notch talent pool to help us continue to improve our business in these functional areas.”
“The announcement today is about more than quality career opportunities for Buncombe County,” shared Brownie Newman, Chairman of the Buncombe County Board of Commissioners. “The FOX name is internationally recognized and a natural fit for our economy, our community, and our mountains.”Download Our Outdoor Industry Brochure
FOX joins a fast-growing community of over 30 manufacturers, distributors and outfitters in Western North Carolina producing bike, boat, camping, sports and adventure gear. The Asheville Region has also garnered international interest as host to related sporting events including the Cyclocross Nationals, the USA Cycling Collegiate Nationals and the Annual Pisgah Stage Race.
“Outdoor products are a unique and important part of the Asheville Metro economy,” said Janice Brumit, EDC Chair. “The commitment by FOX will advance our reputation as an East-Coast hub for outdoor adventure, innovative products, and recreation technologies. We are thrilled to welcome FOX to Asheville.”
Interested job seekers will find employment opportunities posted at www.ridefox.com and www.ncworks.gov. The company will also accept applications for employment at the Annual Asheville Area Chamber of Commerce Career Fair on January 17, 2018.
The Economic Development Coalition (EDC) for Asheville-Buncombe County is a public-private partnership committed to: creating and retaining high quality jobs, community leadership, and being a resource for better business decisions. The EDC accomplishes this mission through its four core services: business retention and expansion, small business and entrepreneurship, research, and marketing and recruitment. The EDC is funded by Buncombe County, the City of Asheville, the Asheville Area Chamber of Commerce and over 80 private investors through AVL 5x5. The EDC holds the prestigious distinction of being one of only 50 Accredited Economic Development Organizations in the world by the International Economic Development Council. Visit www.ashevillechamber.org/economic-development. Learn more about AVL 5x5 at www.asheville5x5.com.
The Asheville Area Chamber of Commerce is a member organization with over 1,800-member businesses and organizations. Chamber members collaborate with community organizations and coalitions to support the community and each other with the mission of building community through business. The Chamber is home to a 4,000-square foot Visitor Center that welcomes over 208,000 visitors per year. To get active in the Chamber, visit www.ashevillechamber.org.
About Fox Factory Holding Corp. (NASDAQ:FOXF)
Headquartered in Scotts Valley, CA, Fox Factory Holding Corp. (the “Company”) designs and manufactures performance defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, side-by-side vehicles, all-terrain vehicles, snowmobiles, specialty vehicles and applications, and motorcycles. The Company is a direct supplier to leading power vehicle original equipment manufacturers (“OEMs”). Additionally, the Company supplies top bicycle OEMs and their contract manufacturers, and provides aftermarket products to retailers and distributors.
FOX is a registered trademark of Fox Factory Inc. NASDAQ Global Select Market is a registered trademark of the NASDAQ OMX Group, Inc. All rights reserved.
Grow Your Business with Asheville Economic Development
As the Economic Development Coalition for Asheville-Buncombe County, part of the Asheville Chamber of Commerce, we have the knowledge and connections to help you start, grow or relocate your outdoor equipment business here. We are your single point of contact, a confidential one-stop shop working closely with many local organizations to leverage resources.
We know making a huge decision like this takes research, analysis, and economic development intelligence. All these services are provided efficiently by our staff, with inside knowledge gained from years of living here ourselves. We’ve helped hundreds of companies relocate, expand and succeed here.
Contact the Asheville Economic Development team to learn more about site selection in the area. Call us at 828.258.6118.