7/8/2010
NEWS BRIEFS
City Plans 3-mile Water Line Extension for Homes Polluted By Fastener Plant
Rochester business district
Officials in Rochester, IN, are working on plans for extending a water line nearly three miles to reach homes where the groundwater has been polluted by a fastener plant once owned by Textron, the Associated Press reports.
“The water line extension has been proposed by Textron Inc. as a way to provide safe water to 41 homes north of Rochester,” according to AP.
The company owned a factory in the area from 1954 until 2006 where it made industrial fasteners, but also released chemicals that have polluted the groundwater.
Textron reportedly agreed to pay for installation of water lines and their maintenance for 75 years and to pay the residents’ water bills for 20 years.
Textron owned Textron Fastening Systems until 2006, when the division was acquired Beverly Hills-based Platinum Equity on Aug. 11, 2006, in a deal worth a reported $673 million. TFS was renamed Acument Global Technologies.
Acument communications director Tim Weir told FIN the Rochester plant is still operating, and that Textron will bear the full cost of the line. ©2010 GlobalFastenerNews.com
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