Gannon & Scott, a precious metals recycling and refining firm based in Cranston, R.I., has completed an $8 million expansion of its facility in that city. The expansion doubles the location’s processing capacity, which includes metal thermal reduction, milling, screening and blending.
According to a company news release, the improvements made at the location will give Gannon & Scott the “most technologically advanced and proven pollution-control system for the thermal reduction process.” Ken Dionne, CEO of Gannon & Scott, says the expansion also will increase the company’s workforce by 20 percent.
“This facility is the personification of our corporate slogan ‘doing It right,’ which encompasses our customers, our employees, our community, our industry and our environment,” says Jack Gannon, chairman of the company’s board of directors. “It also underscores our commitment to Rhode Island, which dates back to our roots here 94 years ago."
The 93,000-square-foot expanded facility, which sits on more than six acres in Cranston, took close to two years to complete, and the company worked with a number of local and state agencies, including the Rhode Island Economic Development Council and the Rhode Island Department of Environmental Management. The company will host a dedication ceremony on Dec. 6, 2013.
In addition to the expansion, Gannon & Scott, working with Beaumont Solar Co., has been awarded a solar power Distributed Generation Standard Contract. Administered by the Office of Energy Resources and National Grid and approved by the Rhode Island Public Utilities Commission, the arrangement will provide renewable energy directly to the local electrical grid.
Bank of America provided financing for the expansion and solar projects, including the purchase of the real estate.
“Gannon and Scott came to us looking to grow their business, create jobs and produce clean, renewable energy here in Rhode Island,” says Bill Hatfield, Rhode Island president of Bank of America. “We are pleased that we were able to work closely with them to provide the support they needed to help them meet their goals and create economic opportunities for local residents.”