Lufkin economic development board approves $30M investment from Gattefosse The company plans to hire at least 10 full-time employees and start construction by October 2022. (Source: KTRE) By T'Ebonie Tanner | December 22, 2020 at 8:34 PM CST - Updated December 29 at 1:41 AM LUFKIN, Texas (KTRE) - Lufkin’s economic development board approved a new partnership with an international beauty and healthcare company Tuesday. As a part of the incentive, Gattefosse USA will invest $30 million in capital investment, and the city will provide them with 15 acres of land in Lufkin’s Industrial Park off Highway 103 E near Twin Disc. Director Bob Sanford said the facility will produce lipid-based specialty ingredients for the beauty and health care industries worldwide.