Orangeburg's Zeus Industries, a maker of polymer tubing, has entered into a contract to purchase the Mayer Industries facility.
The purchase is expected to close by the end of this year when Mayer concludes operations and exits its facilities, according to a Zeus Industries press release issued Tuesday.
“Since opening our doors in 1966, Zeus has always invested in growing its business," Zeus Industrial Products President Steve Peterson said. "Purchasing the Mayer property in Orangeburg represents one possible next phase in our company’s ongoing expansion program."
"Orangeburg has been our company headquarters location for almost 30 years and with three additional facilities in the county, Zeus’ Orangeburg presence is significant," Peterson said. "We are excited to continue investing in the future of Zeus and hope that our activities in the Orangeburg community will continue to grow.”
Zeus is currently assisting Mayer employees by providing job opportunities to those affected by the plant closure. Mayer Industries employs about 59 in Orangeburg County, according to the Orangeburg County Development Commission website.
Located at 3777 Industrial Boulevard, the Mayer property is near two existing Zeus facilities: the Zeus sales and marketing building and the Frank P. Tourville, Jr. Engineering Center of Excellence.
"Although exact plans for the site are undetermined, its proximity to other Zeus facilities creates the opportunity to design a corporate campus," the press release states. "In addition, this strategic location would offer Zeus increased visibility from Interstate 26 should future development plans for the site unfold."
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During the sale transition, Zeus has filed a voluntary cleanup contract with the S.C. Department of Health and Environmental Control and has hired Charleston-based S&ME to conduct the environmental studies requested by DHEC. The due diligence is to ensure the property is in line with state regulations.
The purchase price was not disclosed by Zeus officials.
In February, Zeus announced it was investing $15.9 million in Orangeburg County and creating 20 new jobs.
The expansion includes the addition of 64,000 square feet to its Industrial Road operations. The addition allowed Zeus to house its engineering, equipment design, tooling production and machine assembly operations in one centralized engineering center.
The company also announced its plans to build a 148,000-square-foot manufacturing facility in Calhoun County as part of a $76 million expansion.
That Sandy Run facility will result in the creation of 350 new jobs over the next several years.
It will be located about two miles from the company’s existing Gaston facility on property purchased from Eastman Chemical Company for $563,460, according to Orangeburg County records.
The facility is projected to be completed in September 2019.
Headquartered in Orangeburg, Zeus currently employs about 1,700.
Zeus has sales and manufacturing facilities in Aiken and Gaston, S.C.; Branchburg, N.J.; Chattanooga, Tenn.; Guangzhou, China and Letterkenny, Ireland.
Zeus products and services serve companies in the medical, automotive, aerospace, fiber optics, energy and fluid management markets.
Contact the writer: email@example.com or 803-533-5551. Check out Zaleski on Twitter at @ZaleskiTD.