Cannon County Executive Mike Gannon convened a meeting of the county's Industrial Development Board Tuesday night at the courthouse to discuss two manufacturing businesses who are considering moving their operations here.
One of the business, which currently has facilities in Waverly, Tennessee and Sarasota, Florida, who move around 15 jobs to Cannon County initially should it relocate, and the other close to 30.
The business looking to move from Waverly is THC/Select. Director of Operations Corbett Gibson told the IDB board Tuesday that the company is looking for a new home for two primary reasons.
The first, Gibson said, is that their Waverly facility received damage during the recent flooding which hit the Middle Tennessee region, while the second is the company has had difficulty finding qualified workers in Humphreys County, where Waverly is located.
THC/Select is considering moving into the building in the county's industrial park which formerly housed Cumberland Mold. Gibson said the company is hoping to relocate as soon as July 1. It would consider a lease-purchase arrangement with the county, Gibson said.
THC/Select has been in the food service industry specializing in the institutional market for the past fifteen years. Established in 1990, THC is a manufacturer and distributor of china and plastic products for the food service industry.
Utilizing its thermoforming and injection molding capabilities, THC offers a broad array of plastic goods to aid customers in the food service business, whether it is a hospital, a nursing home, a restaurant, or a convenience store.
It produces disposable plates; cups; tumblers; lids for foam cups, insulated mugs and bowls. THC is also able to offer reusable products through its injection molding capabilities such as trays, tumblers, insulated mugs and bowls, and plate covers.
Gibson said it would likely be the long-range goal of the company to merge its operations in Tennessee with that of those in Sarasota, bring an additional 15 jobs to the state.
"We are very interested in having you come here," IDB chairman Jackie Francis told Gibson. "We will do everything we can as a board to help make that happen."
The other company considering Cannon County as its new home is Reed & Prince Manufacturing Corporation, currently located in Leominster, Massachusetts. The company manufactures a range of fasteners (bolts) and its main customers are the automotive injury.
Gannon and David Vance, Manager, Automotive Products for Global Industrial Components, Inc. of Woodbury have been in negotiations with the company regarding a move to Cannon County. Reed & Prince is also looking at a location in South Carolina
Reed & Prince, “The Quality Fastener Company”, has been designing, engineering, and marketing fasteners, screws, and precision cold-formed parts for 121 years. Reed & Prince is a ISO 9001:2000 certified supplier.
Reed & Prince, founded by Edgar Reed in 1886 began making tacks, nails and brads in a small shop on Tainter Street in Worcester MA. Over the years, the company evolved into designing and engineering screws, nuts, and bolts; earning the reputation as an industry leader, pioneering new products, and novel manufacturing techniques.
Today, the Company focuses on manufacturing “make to print” cold-headed specials, fasteners, screws, solid rivets, and studs ranging in diameters from .030 (.762 mm) to .500 (12.7mm); and lengths from .125 (3.175mm) to 5.00 (127mm). Its forte is the ability to convert complex screw machined products into cold headed products.
Reed & Prince is wanting to have a deal in place for relocation by the end of this year, Vance said. It is looking to move to the South because most of its current customers are in this region and operational costs would be lower.
Vance said his company, GIC, currently buys parts from Reed & Prince. The company's president will be in Cannon County next week to view possible locations, he added, including an existing building on South College St. near GIC.