Rhino Health USA Inc., a Fort Worth-based nitrile glove manufacturer, has closed a $58 million new markets tax credit.

The transaction is focused on helping Rhino fund its $200 million investment for a large-scale manufacturing expansion in North Texas. The firm plans to use the new 400,000 square foot Fort Worth facility to produce 3 billion nitrite rubber gloves a year.

“We are pleased to close on this important tax credit transaction that will allow us to fully build-out our Fort Worth expansion,” said Mark Lee, CEO of Rhino Health USA, Inc. “This shows that the marketplace is already responding to our product and that the future is very bright for Rhino Health USA, Inc.”