Premier Fence, a company that installs and sells fencing, decking, and outdoor living products, will utilized MassDevelopment bonds to build a production facility off of Route 138 in Canton, Massachusetts. The new facility will include factory, office, and showroom space.
MassDevelopment issued $3,577,470 in tax-exempt and taxable bonds on behalf of Premier Fence LLC and 1010 Turnpike LLC. Webster Bank purchased the bond, which was supported by a MassDevelopment guarantee as a credit enhancement.
“We’re pleased to leverage this low-cost financing on behalf of Premier Fence so the company can build a high-quality facility in Canton,” says MassDevelopment President/CEO Marty Jones. “Premier Fence will now have the room and visibility it needs to fuel its growing business.”
Premier Fence specializes in cedar, PVC, chain link, ornamental aluminum, iron, and guard rail fencing to service its residential, commercial, industrial, and municipal clients. “We are excited to be constructing our new facility in Canton along with the attractive financing package MassDevelopment and Webster Bank is providing,” said Premier Fence President John Feerick. “This new facility will provide the company with a solid base for future growth with fixed long-term costs.”
MassDevelopment has partnered with manufacturers across the Commonwealth to finance projects and encourage young people to pursue manufacturing careers. MassDevelopment recently launched a new initiative for manufacturing innovation centers, which will help small-to medium-sized manufacturing enterprises solve technical problems that can impede growth.