[Congressional Record (Bound Edition), Volume 160 (2014), Part 9]
[House]
[Page 13078]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       IDEAL FASTENER CORPORATION

  The SPEAKER pro tempore. The Chair recognizes the gentleman from 
North Carolina (Mr. Butterfield) for 5 minutes.
  Mr. BUTTERFIELD. Mr. Speaker, I rise to congratulate a company in my 
district called the IDEAL Fastener Corporation.
  Recently, they announced a $5.7 million expansion of their facility 
in Oxford, North Carolina. This expansion will create 155 jobs by the 
year 2019, and it is welcome news for Granville County, which is an 
important part of my congressional district. Now, Mr. Speaker, 155 jobs 
in some communities across our great country may be relatively small, 
but in this rural community, this is a big deal.
  IDEAL Fastener Corporation was established in 1936 by Elie Gut, and 
it has been a strong member of the Oxford community since moving its 
corporate headquarters there in 1966. IDEAL Fastener Corporation is 
still family owned and is operated by Ralph and Mary Gut and their 
three children--Jeff, Steven, and Michelle.
  Since bringing their world headquarters to Oxford, IDEAL Fastener 
Corporation has grown to become the second largest zipper manufacturer 
in the entire world with production and sales facilities in over 20 
countries. They are in the process now of launching three new products 
and are making major capital investments that will benefit their 
employees and the North Carolina economy.
  Mr. Speaker, on Monday of this week, July 21, I marked my 10th 
anniversary here in the House of Representatives; and if there is one 
thing that I have come to recognize and appreciate, it is that small 
businesses and small industries are what drive our economy. Companies 
like IDEAL Fastener Corporation are the lifeblood of our economy.
  I congratulate IDEAL Fastener and the Gut family on this tremendous, 
tremendous announcement. I wish them nothing but continued success in 
the future.

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