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.



Clint Powell: I Can Do That Myself!

Asking tough questions is sometimes…well…tough! That just makes sense right? However, knowing that tough questions are tough to ask…doesn’t mean they are still not…well...tough! Shoot…I did it again. Captain Obvious on the job. Well, what kind of tough questions are we talking about? There are quite a few I could spend time on. ‘How old are you?’ – ‘How much do you weigh?’ – ‘Is ... (click for more)

Walker County Chamber Calendar Of Events

Here is the upcoming calendar of events for the Walker County: Ambassadors Committee Meeting Wednesday, Aug. 6 Young Professionals Council After Hours Wednesday, Aug. 13 Executive Board of Directors Meeting Thursday, Aug. 14 General Board of Directors Meeting Thursday, Aug. 21   (click for more)

Harr Outlines $40 Million Plan For Chattanooga Light Rail System

Outgoing Chamber of Commerce President Ron Harr on Monday outlined a $40 million plan for a Chattanooga light rail system that would serve not only downtown, but also the Airport and the Enterprise South Industrial Park. In a speech to the Chattanooga Engineers Club, Mr. Harr said most cities looking at such an ambitious plan "would be facing costs of over a billion dollars." ... (click for more)

Chattanooga Choo Choo Adding Clubs, Restaurants In $8 Million Renovation

The historic Chattanooga Choo Choo is adding clubs and restaurants in a $7 million renovation, it was announced in front of the South Market Street landmark on Monday morning. The Comedy Catch will be moving from its longtime home in Brainerd and there will be a new 500-person music venue that will be in addition to Track 29. The new venue, managed by Track 29, will feature a ... (click for more)

Senator Bob Corker: An Open Letter To Tennesseans

We are incredibly fortunate to live in a state in which companies worldwide are clamoring to establish a presence. Many attribute it to our pro-business culture, well-prepared workforce, low tax environment, right-to-work policies, and engaged citizenry.  That is why the announcement by Volkswagen to build its midsize sports utility vehicle and establish the South’s ... (click for more)

Roy Exum: Wamp Refuses To Stoop

With less than two weeks before the Aug. 7 th election and the last week of early voting now underway in Hamilton County, Congressional challenger Weston Wamp sounded upbeat and relaxed early yesterday afternoon. “I’m pleased to say that I believe we are right where we need to be … maybe even more than we had hoped.” Wamp, who is challenging two-term incumbent Chuck Fleishmann ... (click for more)