Aug 30, 2019 | Commercial Lending
On August 16th, Bausch Advanced Technology Group, a leading biotechnology company that specializes in the production of machines that package syringes, cartridges, and vials, opened their doors to a brand new building on their world headquarters campus in Clinton, CT. With the addition of their new manufacturing facility, Bausch will add an IV bag production line capable of producing 10,000,000 bags per year.
"We have invested $2.5 million into the expansion and have already added 15 new employees, and will most likely hire 15 more," shares Oliver Bausch, President & CEO of Bausch Advanced Technology Group.
Over the past years, Bausch Advanced Technology Group has undergone tremendous growth, and will continue to do so with the addition of their new building. Bausch says, "We are growing at a nice rapid pace. Adding more capacity and floor space has been a big need for the past 2 years." The new expansion will meet that need and more.
Guilford Savings Bank has proudly served as a partner in their expansion. "We're a community bank with community values," says Brett Eagleson, VP, Commercial Loan Officer, "Oliver Bausch is a very community oriented person. Together, we can help our community grow."
Oliver Bausch shared Brett Eagleson's community focus. "We are a family owned business and have been here for more than 30 years. Clinton is a very nice community with a good balance between quality of life, and of course an ideal business location for manufacturing these machines."
"I think we have a great team," shares Bausch. "We have very talented employees that are capable of tackling very big projects. With our team and our facility, we have the right start. Now we just need to go ahead and produce."