Former Burner Systems Facility In Lookout Valley Sold To Zeus Industrial Products

Tuesday, August 13, 2019

 Zeus Industrial Products, Inc., a leading polymer extrusion manufacturer and material science innovator, has purchased the former Burner Systems facility located at 3600 Cummings Road in Lookout Valley.

The sale was from Industrial LeaseIPropco Llc  for $4.8 million.

Approximately one year ago, Zeus acquired Chattanooga’s MWC Technologies, LLC (MWC).

Since the acquisition, Zeus has operated in MWC’s existing facility located at 5901 Shallowford Road. However, with an expanding product portfolio and increasing customer demand, Zeus has outgrown this facility, officials said.

The Cummings Road property offers 143,000 square feet of manufacturing and office space. Zeus will renovate the entire facility in two phases. The first phase involves renovating a portion of the facility for immediate use. This portion will house operations from the existing Shallowford Road facility. Zeus plans to leave the leased Shallowford Road facility later this year and begin operations at the Cummings Road facility.

The purchase of the Cummings Road property is the latest project in Zeus’ ongoing expansion program. Last month, Zeus entered into a contract to purchase a building located at 3777 Industrial Boulevard in Orangeburg, S.C., near the company headquarters. Also, Zeus recently purchased a facility in St. Matthews, S.C., and is constructing a new plant near Columbia, S.C.

Steve Peterson, Zeus president, said, “With the purchase of MWC Technologies, Zeus gained important capabilities that fit nicely with our product strategy. The unique advantages we created helped grow demand for our existing products and expand our portfolio with new solutions. However, for production to keep pace with this growth, we needed a larger facility. By purchasing the Cummings Road property, Zeus can scale its production as needed to meet the requirements of a growing product portfolio and customer base. We are excited for this latest investment in our Tennessee operation and look forward to expanding our business even more in the years ahead.” 

Wayne Conley, local plant manager, said, “The new Cummings Road facility will create much-needed space for current and future production. The capabilities of the new facility will allow us to expand existing Zeus product lines as well as introduce new product offerings more quickly and easily. In addition to manufacturing operations, we will also conduct development activities at this facility. Our ongoing focus on innovation will continue to create new value streams for our customers.” 

Burner Systems long manufactured parts for gas ovens and grills in Chattanooga. It announced last year that it was closing down here and moving the operation to Texas and Mexico. It had 134 employees at the time.


TVA Board Focuses On Strengthening Tennessee Valley Public Power

TVA Tax Equivalent Payments Total Nearly $548 Million In 2019

Dalton Adds To Labor Force In July


The Tennessee Valley Authority board of directors approved a number of forward-looking actions designed to add flexibility and stability to the public power model serving more than 10 million ... (click for more)

The Tennessee Valley Authority provided nearly $548 million in tax equivalent payments in fiscal year 2019 to state and local governments served by its energy generation or in areas supporting ... (click for more)

Georgia Labor Commissioner Mark Butler said Thursday that Dalton’s labor force grew in July. According to preliminary numbers, Dalton also made monthly gains in employed residents and annual ... (click for more)


Business

TVA Tax Equivalent Payments Total Nearly $548 Million In 2019

The Tennessee Valley Authority provided nearly $548 million in tax equivalent payments in fiscal year 2019 to state and local governments served by its energy generation or in areas supporting TVA properties. At its quarterly business meeting, TVA’s board of directors approved the final tax equivalent payments for the current fiscal year, which are approximately $24 million more ... (click for more)

Dalton Adds To Labor Force In July

Georgia Labor Commissioner Mark Butler said Thursday that Dalton’s labor force grew in July. According to preliminary numbers, Dalton also made monthly gains in employed residents and annual gains in jobs for the month of July, for the two-county metropolitan statistical area (MSA). “July was another solid month for Georgia,” Commissioner Butler said. “The state numbers ... (click for more)

Breaking News

State Dismisses Manslaughter Charge Against Jadarius Knox; Anguished Mother Of Victim Says "He Didn't Have To Kill Him"

The District Attorney's Office on Thursday dismissed a voluntary manslaughter charge against Jadarius Knox, saying evidence in the case in which Dakota Biddle was killed showed a self defense theory could be found to be valid. Knox was original charged with criminal homicide in the May 2018 incident on Basswood Drive, but it was reduced to voluntary manslaughter at the Grand ... (click for more)

Lookout Mountain, Ga. Town Center Work To Start Soon; Jim Sabourin Resigns From Council And Is Replaced By Kevin Leckenby

After eight years of talking and planning, Lookout Mountain, Ga., is ready to begin building a new Town Center. To begin with there will be two municipal buildings, City Hall and a fire station. The design of the area has space for private developers to build commercial buildings in the future. Adhering to design guidelines provided by the city and aiming for a cost of $2.8 ... (click for more)

Opinion

What Does The White Privilege Presentation Have To Do With Education? - And Response (5)

On Aug. 2, Hamilton County Schools held a professional development presented by motivational speaker Robert Jackson. The PD was for the teachers in the Opportunity Zone, which includes the 12 lowest-performing schools in Hamilton County where 90 percent of the students are black. During the 90-minute presentation, there was a 15-20-minute segment concerning “White Privilege”. ... (click for more)

Roy Exum: A Drum Major For Peace

There have been many Christmas Seasons when I have looked high and low for Christmas Cards that included the poem, “One Solitary Life.” I came across the revered poem easily over 40 years ago during a kiddie matinee at the famed Radio City Music Hall, which is in midtown Manhattan. The Radio Music Hall is huge – it can comfortably seat 6,000 – and so awesome is the Christmas Spectacular ... (click for more)