In addition to benefitting the company, the expansion will also bring new jobs to the Putnam, CT area as Foster plans to continue on its growth path into the future. “We are happy with what we have been able to accomplish with cooperation between the area leaders and Foster and will continue to work with area leaders to add jobs as we grow. It’s been a good partnership,” said Larry Acquarulo, Foster CEO and owner in a press release by Foster.
“Foster’s recent growth has necessitated the new building as both our compounding and distribution businesses have grown to the point that space would become a limiting factor for Foster if we didn’t make this move. The new building will not only allow our growth to continue, but it will also allow us to grow in new markets where we haven’t been able to compete in the past, including larger volume medical applications,” said Acquarulo.
“The new facility will house both compounding manufacturing assets and as well as hold inventory for our growing distribution business and our plan is to invest heavily to expand our capabilities, and our market footprint in next 5 to 6 years,” added Acquarulo. (PC)
Fibre2Fashion News Desk – India