Hine said the company intends to use the building as corporate headquarters and a research and development center. The company signed a letter of intent to purchase and redevelop the Groton Heights School, located at 244 Monument Street, on July 12, 2019. The town chose ThayerMahan as the preferred developer for the building in March 2019. 

The main school building was constructed in 1912 and the gymnasium was added in 1962, creating a total of 27,185 square feet of space. The building was used as a school until the summer of 2007. 

After four years of “pretty remarkable growth,” Hine said the company took a “bit of a step back” starting in March last year when COVID hit.

“We managed to survive that without laying off any employees. We took advantage of the two PPP loan programs, which were welcome relief. We were on kind of this hockey stick trajectory but last year’s sales were flat … but we’re kind of back on track,” he said. 

The company now has 14 patents and has acquired two companies in the last eight months, Hine said.

Continue reading on CT Examiner site >>>