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West Hartford industrial building sells for $850K

A limited liability company headed by the owner of West Hartford-based Materials Handling Systems recently paid $850,000 for a light manufacturing building on a third of an acre near the business.

D&L Realty LLC of West Hartford sold the property at 10 Grassmere Ave., to 10-18 Grassmere Ave. LLC in an $800,000 deal recorded March 1. The buyer also purchased a small sliver of adjacent land for $50,000, according to land records. ....

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MHS to Open New Production Facility in Kentucky

MHS to Open New Production Facility in Kentucky
MHS to Open New Production Facility in Kentucky
Mt. Washington, Kentucky, Jan. 29, 2021 MHS Holdings, Inc. (“MHS” or the “Company”), a leading global provider of advanced material handling automation solutions, engineering, equipment and software, is moving forward with plans to open a new manufacturing facility in Bowling Green, Kentucky after the Kentucky Economic Development Finance Authority (KEDFA) this week granted preliminary approval of a 10-year agreement that can provide up to $2.5 million in tax incentives.
In turn, MHS plans to invest $7.6 million in the facility, which will create 200 new full-time jobs. The project is expected to have a total economic impact topping $327 million over a 10-year period. ....

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MHS Acquires TGW U.S. Conveyors Business

MHS Acquires TGW U.S. Conveyors Business
Acquisition expands MHS’s capabilities to serve fast growing e-commerce industry
January 11, 2021 18:17 ET
| Source:
Materials Handling Systems, Inc.
Materials Handling Systems, Inc.
Raleigh, North Carolina, UNITED STATES
Mt. Washington, Kentucky, Jan. 11, 2021 (GLOBE NEWSWIRE) MHS Holdings, Inc. (“MHS” or the “Company”), a leading global provider of advanced material handling automation solutions, engineering, equipment and software, announced today that it has entered into a definitive agreement to purchase certain assets related to TGW Systems, Inc.’s U.S. conveyor business unit, which operated separately from TGW’s U.S. integration business unit. The transaction is expected to close in February 2021. ....

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