Well-known company to bring 120 new jobs to Segundo Barrio

EL PASO, Texas (KVIA) -- Well-known processed meat company, Grupo Bafar, is soon to make Segundo Barrio it's new North American Headquarters, city officials said.

Grupo Bafar is located in District 8 and is one of Mexico’s leaders in the food industry. The main product is processed meats, founded over 40 years ago. There are currently over 14,000 workers world wide.

Monday, City Council approved a $715,771 performance-based incentive agreement and the County Commissioners approved a nearly $166,000 incentive agreement that will help support Grupo Bafar’s nearly $22 million investment.

Grupo Bafar plans to acquire and renovate the Kasco Structures building located at 1600 E. Fourth Ave. and construct a new 60,000-square-foot cold storage warehouse.

The project will create 120 new full-time jobs at a wage rate of at least $17.65 and retain 155 existing jobs in El Paso.