Euclid Chemical Buys Former Imperial Cup Building

Monday, March 10, 2014

The vacant building that has stood just north of LaFayette on US27 for almost a decade known to locals as Imperial Cup has a brand new owner.  Euclid Chemical Company, known locally as PSI Fibers, of LaFayette has purchased the facility from the Rex Allen family. The building will become the manufacturer's new home and will hum with the sounds of manufacturing synthetic fibers used in various concrete applications.

“We are having to expand our operation due to a growing market for our product line,” said Director of Operations Grant Beasley. 

Euclid Chemical Company is owned by RPM International of Ohio. 

“This is something we have hoped for for near a decade,” said Walker County Commissioner Bebe Heiskell. “Guess its true that good things come to those who wait.”   

The company now employees about 30 laborers but looks to increase that number  significantly this summer once it settles into the building. 

"This is certainly a huge physiological boost for LaFayette because the building has sat empty for so long,” said Larry Brooks, executive director of the Walker County Development Authority. “We look forward to working with Euclid as it ramps up this new expansion.” 

The Imperial Cup Building was built over three decades ago and is most remembered for serving as the home of Imperial Bondware before the company was sold by the Allen family. Since that time, the building as served as warehousing for various companies like the Bluebird Bus Corporation that closed its LaFayette manufacturing operation in 2010. 

Euclid Chemical plans to announce publicly when it will begin its new hiring but explains that it will likely not begin until later this summer, as the new machinery won't be fitted within the building until then.



Chattanooga Business Calendar Dec. 27-Jan. 3

Here is the Chattanooga Business Calendar for Dec. 27-Jan. 3.  FR/2 Ribbon Cutting for Chattanooga Goodwill Industries 9:00 a.m. to 10:00 a.m. Chattanooga Goodwill Industries: 5082 South Terrace Join the Chattanooga Chamber for a ribbon cutting at Chattanooga Goodwill Industries. (click for more)

Ronald Walter Sworn In As TVA Board Member

Ronald Walter, of Memphis,  on Tuesday  became a member of the Tennessee Valley Authority board, taking the oath of office in a ceremony in Memphis. His term expires  May 18, 2019 . Mr. Walter, nominated by President Barack Obama and confirmed unanimously by the U.S. Senate on Dec. 9, was sworn in by Judge Bernice B. Donald of the U.S. Court of Appeals for ... (click for more)

Northwest Georgia’s Unemployment Rate Falls To 6.4 Percent In November

The Georgia Department of Labor announced Thursday that the unemployment rate in the Northwest Georgia region was 6.4 percent in November, down six-tenths of a percentage point from 7.0 percent in October. The rate in November of last year was also 7.0 percent. The rate fell as new layoffs, measured by initial unemployment insurance (UI) claims, dropped to 3,179 in November, ... (click for more)

Man Stabbed Multiple Times In MLK Boulevard Disorder

A man was stabbed multiple times in a disorder on MLK Boulevard on Thursday afternoon. At approximately 4:06 p.m., the Chattanooga Police Department responded to a stabbing at 300 E. MLK Boulevard. A man who had been stabbed was transported to a local hospital with non-life-threatening injuries. A s uspect was in custody. Chattanooga Police ask anyone ... (click for more)

It's Time For Everyone To Breathe

All across the nation, the trust gap between police and many of our communities of color has reached a crisis state. In Ferguson, Mo., a police officer shoots unarmed, 18-year-old Michael Brown. In New York, unarmed, 43-year-old Eric Garner dies as a result of a struggle with police. Cleveland police officers shoot and kill 12-year-old Tamir Rice who is armed with a toy gun. The ... (click for more)

Roy Exum: Merry Christmas, Bela!

On a day reserved for miracles, I want you to get a mental picture of Santa Claus zooming across the sky, with Donner and Blitzen and the other reindeer kicking their hooves through the air with all their might. Rudolph’s nose, as you might guess, was on high beam, because last night Santa was not alone. On the seat right beside him, a healthy German shepherd – one that was doomed ... (click for more)