FOR IMMEDIATE RELEASE: December 9, 2013
CONTACT: Kevin M. DelGobbo, Senior Advisor to Mayor
Phone: 203-574-6712 / E-mail: email@example.com
MAYOR TO SIGN SALE AGREEMENT WITH KING INDUSTRIES;
COMPANY EXPANDING TO WATERBURY
Manufacturer will invest $50 million to construct 80,000 square feet of space at Waterbury Industrial Commons
WHO: Waterbury Mayor Neil M. O’Leary; King Industries President Richard King; local and state officials.
WHAT: In a ceremony at City Hall, the city will officially sign the contract with King Industries Inc., sealing the deal on the purchase of 10 acres of a remediated Brownfield industrial site at Waterbury Industrial Commons. The purchase comes with a private capital investment commitment of $50 million dollars. The construction of the 80,000 square foot manufacturing complex will provide for an estimated 180 jobs and upon completion over 50 permanent manufacturing jobs.
WHEN: Tuesday, December 10, 2013 at 12:00 p.m.
WHERE: City Hall Building, Veteran’s Memorial Hall, 2nd Floor, 235 Grand Street, Waterbury, Conn.
About King Industries, Inc.
King Industries is a fourth-generation family-owned lubricant and coatings manufacturer based in Norwalk, Connecticut. King Industries designs, manufactures, and distributes additives for small and large companies throughout the world who make their own branded products like engine oils, hydraulic oils, paints, coatings, and rubber goods.