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Seneca Co. firm expands with $10M investment
- Article from:
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Toledo Business Journal
- Article date:
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July 1, 2008
- Author:
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Copyright informationCopyright Telex Communications, Inc. Jul 2008. Provided by ProQuest LLC. (Hide copyright information)
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Over the next several months, Fostoria-based Norton Manufacturing Company plans to quadruple the size of its facility. This major expansion is the result of new investment of approximately $10 million being placed into the business. This large capital expenditure is being done as part of an agreement involving Norton Manufacturing Company's acquisition by Japanese firm, Sumitomo Metal Industries, Ltd. The bulk of Norton Manufacturing's assets will be acquired by Sumitomo in October; Norton will be adding office and cafeteria space and bringing all of its crankshaft manufacturing equipment into a more modern facility, according to the company.
"It will be a positive [situation] because ...
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