Brown & Sharpe will relocate.
After about 40 years at Precision Park, the large factory/office/ showroom facility it built in North Kingstown, R.I., Brown & Sharpe Co. plans to move in a year and a half to a new locationless than 20 miles away.The metrology-products and -software provider and one-time machine-tool builder was founded in Providence, R.I., in 1833; just over two years ago it became a subsidiary of Swedish industrial firm Hexagon A.B. (www.brownandsharpe.com). The company's management decided it needed a more efficient manufacturing facility, and it considered moving to the Midwest. However, a deal struck with the Rhode Island Economic Development Corp. will use moral obligation bonds to build a new, 100,000-sq.-ft. plant in an industrial park near Quonset Point. The development authority will lease the facility back to. Brown & Sharpe for a ten-year period for the cost of the deb, service. The new plant, on a 14-acre parcel in the Kiefer Park section of Quonset, has a targeted occupancy date of July 2005.
Brown & Sharpe, No. Kingstown, R.I. 401-886-2000.
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| Publication: | Metalworking Insiders' Report |
|---|---|
| Date: | Nov 25, 2003 |
| Words: | 176 |
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