WESTBOROUGH, MA -- Neo Tech has purchased a 25-acre lot in the western Boston suburbs for $10 million.
The new site includes a 168,000 sq. ft. manufacturing and warehouse facility plus another 30,000 sq. ft. of office space. It formerly was the site of the Whitney Rand Packaging Co., and years ago was home to Solectron.
Neo Tech financed $7.5 million of the purchase through Wells Fargo.
Neo Tech currently operates a 55,000 sq. ft. plant in Springfield, MA, and a 35,000 sq. ft. NPI plant in Wilmington, another Boston suburb. According to CIRCUITS ASSEMBLY sources, Neo Tech plans to consolidate those plants into the Westborough location. The company has not responded to an inquiry at this time.
Neo Tech is a top 30 global EMS according to the CIRCUITS ASSEMBLY Directory of EMS Companies.