LFP to choose site for new plant
June 18, 2001,
Latex Foam Products Inc. announced that site selection is under way for a new state-of-the-art manufacturing facility. The company's previous facility here was destroyed in a fire last month.
Currently, LFP's customers are being supplied with foam made by European manufacturers.
The company is considering locating the new plant in Connecticut or the Southeast. When completed, the new production facility will completely replace the original plant as well as a planned second one, which had been under way when the fire occurred.
Despite the fire, LFP has said it will meet its projections of 45 percent growth over the next year, Russo said.
Almost 250 people were left unemployed by the fire. LFP announced that in addition to any benefits its workers were receiving from state and federal agencies, that they would receive salary continuation benefits equal to a week's pay for every year of service.