Funding In Place For Atlas Box Expansion In Sutton
Atlas Box and Crating Co. will expand into a new 226,923-square-foot manufacturing plant in Sutton financed by $10 million in tax-exempt bonds issued by MassDevelopment.
The bond issue was approved by Gov. Deval Patrick, who was on hand in Sutton for the announcement today. The bonds were purchased by Commonwealth National Bank of Worcester.
Atlas' new facility will be built on a site made up of two contiguous parcels of land totaling 33 acres and is expected to create 100 new jobs over the next two years. Atlas designs and manufactures packaging products in materials from wood to foam and plastic for manufacturers and distributors.
In addition to its main facility in Sutton, the company has operations in New Jersey, North Carolina, China and Ireland.
The company has been in business for a little more than 20 years.
MassDevelopment has issued bonds to support Atlas in the past. Last year, MassDevelopment spent more than $3 billion managing or financing 265 projects statewide. It estimates that those efforts created more than 10,000 jobs, half of them permanent and half in construction.
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