NORTHBRIDGE, MASS. — Compounder Coz Plastics Inc. is planning a move across state lines into a 213,000-square-foot building on 59 acres in Killingly, Conn., this summer.
``We wanted to stay closer to home — [the move] will discourage some workers, but we could not find anything closer,'' said project manager Fred Thibault.
Thibault said most of the workers will make the move with the company.
Coz, which employs 120, is finalizing a deal with the state. The agreement, which includes a $5 million, low-interest loan, should be completed this month.
The company will renovate an existing, one-story building, and expects to complete the move by midsummer. Coz Plastics will move from a four-story, turn-of-the-century building.
``Wooden floors are not made for forklifts,'' Thibault said, adding that the firm expects the move to boost efficiency and productivity.
Coz Plastics, which was founded by the Coz family, has been in the business 39 years, according to Thibault. The firm was a division of Allied Products for 20 years.
PMC Inc. of Sun Valley, Calif., bought the company in 1997. It is operated by PMC's Plastic Color Corp. of Somerset, N.J.
Elsie Bisset, economic development coordinator for Killingly, said the company is moving into a building that is less than 10 years old. A medical products company moved out two years ago, and only part of the building has been leased since then.