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Southington metal-parts maker to double footprint

BY

2/7/2018
PHOTO | Southington assessor's database
PHOTO | Southington assessor's database
The facility at 75 Aircraft Road to which Economy Spring plans to relocate.
Armed with a $3 million state loan, a Southington metal-parts manufacturer plans to double its footprint in town by relocating to space in another, larger facility.

Economy Spring, a division of Rosemont, Ill.-based MW Industries, makes engineered springs, specialty fasteners, machined parts and other precision components for medical and pharmaceutical customers worldwide.

The company plans to relocate from its current facility at 29 Depaolo Drive to 216,000 square feet in the main manufacturing building at 75 Aircraft Road. That former Pratt & Whitney building totals 625,854 square feet and has one other tenant, according to the assessor's office and company project manager Lou Beres.

Southington Business Park II is the property owner and the company plans to enter into a long-term lease for the space, Beres said.

The new facility is more than twice the footprint of the existing Southington location.

Darlene Kober, senior vice president of marketing and sales, declined to provide the full cost of the relocation, saying, "The state loan is a significant contribution to the total plant investment."

Connecticut's Department of Economic and Community Development provided a $3 million loan to purchase equipment and is providing relocation assistance.

"Economy Spring's growth means we need more space to meet future customer demand. By selecting a facility just a mile down the road, we expect complete retention of our committed, technical, and highly experienced workforce," said Tim Thompson, senior vice president and general manager of Economy Spring. "Our transition plans include building finished goods inventory and communicating closely with customers to ensure a seamless transition."

The move is expected to be completed in early 2019.