A diversified manufacturing company serving the aerospace and industrial sectors, EDAC Technologies, has acquired a manufacturing facility in Plainville, Connecticut.
The company has planned to integrate its operations in several locations at the 181,000 square-foot facility and the process is expected to be completed in the autumn of 2013.
EDAC’s four operations located close to Farmington, Connecticut includes a wide range of aerospace product lines, EDAC Machinery lines and APEX Machine Tool product series. These operations will be merged and integrated into the newly acquired plant. The company also owns and operates facilities in Newington, which include rotating engine parts product line. However, the Newington-based facilities will not be included in the integration process.
EDAC also announced that the Department of Economic and Community Development (DECD) and Connecticut Governor Dannel Malloy have provided a $2 million low-interest loan approval for the company under the Targeted Brownfield Development Loan Program. The company will use the funds for land use restrictions, engineered controls, abatement, remediation and environmental investigation. The company has also applied for additional funding from the State of Connecticut for the establishment of the Plainville facility.
According to Dominick A. Pagano, President and CEO of EDAC, the integration will help to accelerate the production to support the company’s increasing backlog of orders. Pagano added that the Plainville facility allows them to add advanced manufacturing equipment and implement an integrated ‘center of excellence’ method, cellular manufacturing and lean processes, which help to enhance the efficiency and growth of the company.
Source: http://www.edactechnologies.com/