NEW BRITAIN - Polamer Precision plans to purchase 27 acres in Pinnacle Business Park, expanding the business and creating nearly 600 new jobs, Mayor Erin Stewart announced Wednesday.
“We’re very excited. We’ve been working on this for quite some time and although the intent is there, the deal is in the making and it’s in the works. There’s no doubt that Polamer has to expand. They are literally bursting at the seams here,” said Stewart.
The property was put on the market over the summer and the initial deal was signed last week.
“We decided this is the perfect time to approach them and secure the 27 acres that is adjacent to our property,” said Chris Galik, CEO of Polamer Precision. “The plan in the next seven years is to expand with an additional three buildings, about 600,000 square feet.”
“We have close to three acres of solar panels, which is very helpful with controlling our costs,” said Galik. “Our plan is to continue that effort with more solar and - this isn’t set in stone - but we’re considering wind as well.”
Polamer Precision moved to 105 Alton Brooks Way five years ago.
“Local employees and the local community is what we want to support and obviously we have been embedded in here for a very long time and we plan to stay here in the future,” said Galik.
Seventy percent of Polamer’s workforce consists of New Britain residents.
“Billy Carroll, our economic development director, has really helped us create a program and incentives that supports our business community, really going out of our way to help them and ensure that they stay here,” said Stewart.
“New Britain is one of the few communities that over the years have cultivated a great relationship with the employers, with our manufacturers. I’ve been doing this for approximately 19 years now and I know 98% of the manufacturers by first-name basis. If there’s ever a problem, I call the mayor. We discuss it,” said Carroll.
Polamer Precision is a global aerospace manufacturing company that specializes in complex aerospace engine components. Galik founded the company in 1997.
In 2014, the company built a 152,000-square-foot facility in New Britain and now has over 200 employees. The company has grown and expanded through the years.
“It takes a lot of commitment and hard work to make sure our business community is expanding and that we are creating an environment where businesses like Polamer can grow and thrive,” Stewart said. “This isn’t just big for the city of New Britain, but for the state of Connecticut, too.”