Sales Of Huron Park Industrial Properties Further Benefits Community

Archived Release

Sales Of Huron Park Industrial Properties Further Benefits Community

Ministry of Infrastructure

Government Honours Commitment To Existing Tenants SOUTH HURON, ON, Aug. 3 - More Huron Park industrial properties have been sold to five existing tenants, Carol Mitchell, MPP for Huron-Bruce and Parliament Assistant to the Minister of Public Infrastructure Renewal David Caplan announced today. "These sales are more great news for strengthening the community of Huron Park and boosting small businesses that help the local economy prosper," said Mitchell. "With these sales and the sale of other properties, the government is fulfilling its promise to enable industrial tenants to buy property they currently lease from the province at fair market value, while ensuring Ontario taxpayers get a return on property that the province no longer needs." The following sales have closed recently: - Exi-Plast Custom Moulding Ltd. is a family owned and operated business employing 15 to 20 local residents. Exi-Plast manufactures custom and proprietary plastic blow moulded and injection moulded products. The sale was completed in mid-May 2007. - Gnutti Ltd. specializes in machining and assemblies, and currently employs approximately 140 people to manufacture parts from bar stock, aluminum, cast iron, and forged steel. The sale was completed in late March 2007. - Goderich Aircraft Inc. specializes in paint, interior, maintenance and avionics on small and mid-size jets and turboprop aircraft. The firm is based in Huron Park and employs approximately 150 people. The purchase of the aerodrome and its building will also enable Goderich Aircraft to have control over the runways and expand operations. The sale was completed in mid-May 2007. - Saf-T-Cab is a manufacturer, distributor, exporter, and importer of heavy machinery cabs, machinery covers, and vehicle safety devices. It employs approximately 150 people in their Canadian operation. The sale was completed in mid-April 2007. - Huron Mini Mart is a variety store which services the residential and industrial tenants in Huron Park. The sale was completed in mid-May 2007. Contact Info During 2006, two additional properties in Huron Park were sold to Dunline Rubber Products Company and Bluewater Recycling Association. The seven companies who've purchased land in Huron Park are keeping close to 550 jobs in the community. As well, Parkbridge Lifestyle Communities purchased the residential portion of the park comprising 360 homes on 117 acres. "The County of Huron totally supports the sale of Huron Park properties to the existing businesses," said County of Huron Warden D. J. Shewfelt. "We know that these industries represent the strength of Huron manufacturing. By ownership, they go a long way to making Huron County as well as Huron Park secure for expansion opportunities in the future. Congratulations." "These sales represent real positive results in building a successful and prosperous future for the families and businesses of Huron Park," said South Huron Mayor Ken Oke. "On behalf of the Municipality of South Huron, I would like to recognize the companies that have purchased land and established their businesses in Huron Park. Not only have they provided a tremendous economic boost to our municipality, but their confidence and commitment to this area is sure to help bring new investment, new jobs, and a more prosperous future for our entire municipality." Huron Park, a former Royal Canadian Air Force Base north of London, Ontario, includes a residential community that was sold in May 2006, and a 635-acre industrial park with 26 businesses and an airport. The government, through the Ontario Realty Corporation, is finalizing its work with one other industrial tenant to provide them an opportunity to purchase. Any remainder properties will be offered for sale on the open market. www.carolmitchell.ca For further information: Brian McBurney, Huron-Bruce MPP's Office, (519) 482-5630; Anne Dunderdale, Communications Branch, (416) 325-1810 HELP | CONTACT US | PRIVACY | IMPORTANT NOTICES © Queen's Printer for Ontario, 2008-2009 — Last Modified: February 15, 2009 For further information: Brian McBurney, Huron-Bruce MPP's Office, (519) 482-5630; Anne Dunderdale, Communications Branch, (416) 325-1810