Stanley-Proto to Locate in Newton Industrial Park
Stanley-Proto Industrial Tools announced today that it leased the speculative building in Covington-Newton County Industrial Park. The 207,738 square foot facility, located at the intersection of Highway 36 and Alcovy Road, will be used as Stanley-Proto’s new national distribution center as well as its headquarters. The announcement, made from the company’s headquarters in New Britain, Conn., brings to an end a two-year effort on the part of the city, Newton County, and Patillo Construction Company to place a tenant on the building.
Stanley-Proto will be joining The John Harland Company in the Industrial Park. Harland announced its April plans to locate in the park and the company has begun construction on a building there.
Stanley-Proto Industrial Tools Division was formed when the Proto-Industrial Hand Tools business of Ingersoll-Rand recently was acquired by Stanley Works and combined with Stanley’s new existing Industrial Hand Tool business. Headquartered in New Bedford, the Stanley Works is a worldwide marketer and manufacturer of quality consumer, builders and industrial products, including tools, hardware and complementary products for the home, factory and the building industry.
Garo Aznavourian, president and general manager of Stanley-Proto, said that the division plans to employ about 250 people in the new location and will transfer approximately 25 families to the Atlanta area by late summer.
He said that the building will be completed to meet Stanley’s requirements, with occupancy scheduled for September.
“We are excited not only with the opportunities for our new division, but also in relocating into this area and meeting our new neighbors,” Aznavourian said.
Jim Topple, vice president of Patillo Construction Company, which built and will be leasing the building, said in a statement announcing the move of Stanley to Covington that, “Stanley-Proto Industrial tools is our first major tenant.”
“Not only will this new division’s headquarters and distribution center mean more jobs for the area, but it will help us attract the quality companies sought by the Newton County Board of Commissioners, the Covington City Council and the Newton County Chamber of Commerce.”
The leasing arrangement was finalized with Jim Topple of Patillo and Bruce Lanehart of Caldwell Banker.