Location: Flushing, NY
DONE DEAL: On Oct. 1, 2015, Crystal Window & Door Systems purchased a 226-acre property in northeast Pennsylvania to expand its production capabilities. The property comprises a parcel of undeveloped land and a developed parcel with a 336,500-square-foot partially outfitted building. “The acquisition was made at a very competitive price, significantly discounted from anything available in the New York metropolitan area,” says COO Steve Chen. Originally owned by Northrop Grumman and then by Owens Corning, the property was partially, but never fully, outfitted for production operations. The facility was then bought by The Wolfington Companies of King of Prussia, PA, from whom Crystal bought the property.
Fun Fact: “Crystal manufactures an average of 2,000 windows and doors every day at its flagship factory located right in New York City.”
BIG IMPACT: Crystal has projected hiring 30 to 50 workers in the first year of operation, and as production ramps up over the next five years, a total of 300 to 350 employees will be needed. Long-range conceptual plans include major expansion of the existing structures and the possible creation of a major multi-facility business park of Crystal subsidiaries and affiliated firms, with 500 to 600 total employees possible. “This new facility represented a true expansion for Crystal Windows, rather than a consolidation or a move of its operations from any of its existing factories,” says Chen.