A company that makes aerospace components has purchased the former Pratt & Whitney jet engine repair plant for an undisclosed sum, and sources say the company plans to bring 384 jobs to town and expects to grow further.
Maureen Fitzgerald, a spokeswoman for Pratt’s corporate parent, United Technologies Corp., confirmed that the 294,000ft² building has been sold to EDAC Technologies. Fitzgerald wouldn’t comment on the sale price.
“They’re a supplier of ours,” she says of EDAC.
Glenn Purple, EDAC’s chief financial officer, declined comment on the purchase when contacted. Cheshire and state officials also declined comment on the deal. But according to sources with knowledge of the deal, the company plans to bring 384 workers to Cheshire, CT and expects to hire 50 to 100 workers over a couple of years.
The deal comes at a time when the town could use some good economic news.
Pratt completed its move out of the Cheshire plant in the fall, according to town officials, taking 129 workers with it. Then a little more than a week ago, Alexion Pharmaceuticals, which has offices just down the road from the Pratt plant, announced it had struck a deal with the state to move its headquarters to New Haven’s Downtown Crossing development in 2015.
Alexion agreed to relocate to New Haven in return for millions of dollars in tax credits and subsidies from the state.
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Aerospace Firm Buys Ex-Pratt Plant Site
A company that makes aerospace components has purchased the former Pratt & Whitney jet engine repair plant for an undisclosed sum.