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WJBD - Local News - Centralia-Based EFI Recovering From Housing Crash

EFI's Bill Goodspeed (LEFT) and Centralia City Manager Dan Ramey (RIGHT).

Centralia-Based EFI Recovering From Housing Crash

By Rob Sussman, WJBD News

When an economic bubble bursts such as the Housing Bubble in 2008, plenty of other industries are affected by the resulting crash. Among those industries was the Municipal Water Distribution Industry, which suffered due to a lack of new housing. Centralia's Engineered Fluids, Inc, or EFI, specializes in Municipal Water Distribution, and only now, five years after the 2008 financial crisis, is the company finally recovering.

EFI President Bill Goodspeed addressed the Centralia Industrial Commission on Thursday, discussing the past, present, and the future of the 50 year old company located in the Centralia Industrial Park.

Goodspeed says EFI currently employs 192 employees, the most in company history, with an average salary of $50,000 a year with benefits. The company has recently gone international, with sales in the Canadian provinces of Ontario and Saskatchewan in 2010. Goodspeed hopes this growth will continue, mentioning that the company has  expanded into several other sectors, including sewage management, and has "room to expand" in the future. 

City Manager Dan Ramey said that Centralia was "Blessed" to have the company in town, despite being courted by several towns out-of-state. Goodspeed says that Centralia has been absolutely supportive over the years, and that EFI could never leave. 

"This is out home" Goodspeed said, "We couldn't leave."

EFI was founded in 1964 by Goodspeed's father, Jack Goodspeed. The company is owned by 10 of it's employees in addition to Goodspeed.

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