Century Spring CEO Lisa V. Bayne recently purchased the Bristol-based manufacturer and its 32,986-square-foot industrial building. A limited liability company headed by Bayne in October paid $2 million for the 1975-vintage, concrete-and-cinder block building on 4.1 acres at 100 Wooster Court. The seller was a limited liability company headed by William J. Waseleski. State business […]
Century Spring CEO Lisa V. Bayne recently purchased the Bristol-based manufacturer and its 32,986-square-foot industrial building.
A limited liability company headed by Bayne in October paid $2 million for the 1975-vintage, concrete-and-cinder block building on 4.1 acres at 100 Wooster Court. The seller was a limited liability company headed by William J. Waseleski.
State business records list Waseleski as president of Century Spring Manufacturing Co. He paid $975,000 for the property in 2013, according to town records.
Bayne said she previously held “minor shares” in the company and decided to buy out her partner as he retired.
“I bought the business (Century Spring) as well as the property, and now it is a 100% woman-owned small business,” Bayne wrote in an email response to questions. “Century Spring will remain on the same property. I am working to keep manufacturing in Connecticut, and I have a strong and very skilled team that is working alongside me.”
According to its website, Century Spring makes springs and wiremolds for the aerospace/defense, entertainment/recreation, automotive after-market and other industries.
Bayne said she expects to grow her staff of 32 over the next year or two, by expanding the company’s spring-engineering capacity. With contracts and parts becoming ever more complex, customers expect Century Spring to solve problems, she said.
“Problem-solving is the value-added service we offer that puts us ahead of the competition,” Bayne wrote.
