Jeff City company to invest nearly $30M in Ozark

Jefferson City-based Capital Holding Group is investing in Ozark to the tune of nearly $30 million.

The roughly $29.5 million investment includes the construction of a new asphalt plant on property Capital Holding Group owns adjacent to its 1506 Farmer Branch Road quarry in Ozark and the creation of 29 jobs, according to a news release from the Missouri Department of Economic Development.

"Since entering the market ... we have been committed to investing in the city of Ozark and its surrounding communities," said Robbie Freels, director of operations for Capital Holding Group's Capital Materials unit, in the release. "This new state-of-the-art plant will enable us to support the rapidly growing community with high-quality materials and provide excellent new career opportunities."

Capital Holding Group in early 2021 purchased the assets of Leo Journagan Construction Co. Inc., and those holdings included several local quarries, according to past Springfield Business Journal reporting.

In addition to the new asphalt plant in Ozark, Capital Holding Group plans to build a replacement quality assurance lab to grow its testing capabilities, according to the release.

Capital Holding Group is utilizing state benefits through the Missouri Works program, which provides withholdings or tax credits in exchange for job creation.

"This company’s continued investment in southwest Missouri is welcome news that will further strengthen the area’s growing economy," Gov. Mike Kehoe said in the release.