Land Sale Paves Way for New Plant

Bruce Chessell of the Sentinel Review

Woodstock city council approved the sale of 4.2 hectares (10.4 acres) of industrial land in its Bysham Park Business Community at last Thursday’s meeting.

The land will be purchased by Fritz Construction Services Inc., which has plans to construct a facility in 2016 that will employ approximately 25 people when opened later this year.

The purchase price for the property was $769,600 and should close by March 15.

According to a council report prepared by development commissioner Len Magyar, the company has a 40 year history of providing “innovative solutions to their customer base”.  The plant that will be opened in Woodstock will complement its existing facility in Chepstow, Ontario.  The plant will primarily manufacture products for the agricultural and commercial markets and the additional production capacity will allow the company to complete on a much larger scale, serving all of Ontario.

Fritz Construction has also negotiated a right to first refusal on a 3.3 hectare (8.2 acre) parcel immediately north of the lands they are acquiring in anticipation of expected future growth.  The planned building is expected to be a minimum of 6.574 square meters (60,000 square feet).