After decades of growth, Wolcott fastener manufacturer adds new facility in $4M expansion

Deal Snapshot

Buyer: Leland Gaw & John F. Famiglietti Sr.
Property: 1 Hillside Drive, Wolcott
Type: Industrial
Size: 33,786 sq. ft. (built 2003)
Site: 36.5 acres
Price: $3.5M
Financing: SBA 504 loan (Ives Bank, Community Investment Corp.)
Planned use: Edson expansion; aerospace growth

The longtime partners, who bought the rivet maker in 1997 when it had seven employees and one customer, are investing $4 million in a new Wolcott facility as the company continues to expand its precision fastener business across multiple industries.

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