ANSONIA, Conn. (Nov. 14)—Latex Foam Products Inc. will buy a 208,000-sq.-ft. plant in Shelton, Conn., to replace its burned-out complex in Ansonia. The company hopes to close a deal in the facility in early December and have it up and operating by May 15. The 25-year-old latex product maker's production facility was destroyed by the second of two early morning fires May 14. The move to an existing facility in Shelton will enable Latex Foam Products to resume production at a faster clip than if it had rebuilt the 284,000-sq.-ft. Ansonia factory it occupied for 17 years, said Stephen Russo, president and CEO. The company had been offered incentives to move out of Connecticut but elected to stay, partially because it received an economic development assistance package from the state, Russo said.
Latex Foam Products to purchase plant
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