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Moving up the ladder.

A vacant industrial facility at Clarksville soon will come to life again.

Stapleton Corp. paid $335,000 for the former Precision Chassis property. That property includes a 50,000-SF building and a 10-acre site. Stapleton plans to manufacture metal ladders in Clarksville and eventually employ 40 people.

Stapleton owns a 95-employee Van Buren facility that produces wooden ladders.

The seller was Security Bank & Trust of Miami, Okla., which took over the complex when Precision defaulted on a bond issue.

Steve Bonds, vice president of The Hathaway Group of Little Rock, represented the seller.
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Title Annotation:Whispers; Stapleton Corp. buys industrial facility from Security Bank and Trust
Publication:Arkansas Business
Article Type:Brief Article
Date:Feb 10, 1992
Words:93
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