Binghamton Homepage
44°F
Sponsored by

Nielsen Hardware Moves to Binghamton

A former subsidiary of Actuant in Hillcrest has become an independent company and has moved to the City of Binghamton.
A former subsidiary of Actuant in Hillcrest has become an independent company and has moved to the City of Binghamton.

Nielsen Hardware is now leasing manufacturing space in the old Stow Plant that's now owned by EMS Technologies. Nielsen makes latches and handles for the military, telecommunications and other industry. President and CEO Ranga Ranganathan negotiated the purchase of the business which had been housed along with Elliott Manufacturing in Hillcrest. He says city officials helped him find the space.

"It's an ideal location for manufacturing. We were looking for a typical manufacturing space. It's exactly what we needed. And on top of that, we are aggressively trying to grow the business This has plenty of space to accommodate our growth needs," said Ranganathan.

Nielsen received low interest loans through a partnership between First Niagara Bank, the Binghamton Local Development Corporation and the New York Business Development Corporation. Ranganathan says the company currently employs 15 people and is looking to double its workforce in the next three to four years.
Page: [[$index + 1]]
comments powered by Disqus

Trending Stories