Future Foam Acquires Land
Future Foam buys land for expansion
Mar. 30—ARCHDALE — Property records show Future Foam has bought 66 acres in Randolph County it recently had rezoned for an expansion.
The company, a manufacturer of foam materials, last month paid a total of $1.77 million for six parcels along U.S. 311 just south of Archdale, according to deeds that have been recorded for the transactions.
The land was sold by the heirs of Robert Worth White and Gladys M. Davis, according to the deeds.- ADVERTISEMENT –
The land is part of about 170 acres the Archdale City Council has rezoned for light industrial use to accommodate the company’s plans for a fabrication facility that would fashion foam components for bedding, furniture and medical applications.
The land is not in the city but is within Archdale’s extraterritorial jurisdiction. The company has not submitted any annexation applications or development plans for the property, according to the city.
The newly purchased land is bordered by another 104 acres to the south between Tom Hill Road and U.S. 311 that the city rezoned for Future Foam earlier this month.
Property records show this larger tract, which is owned by Betty J. Hill, has not yet been purchased by Future Foam.
The company makes foam at its Prospect Street plant in High Point and plans to ship it to the proposed new facility, where it will be cut to different sizes and shapes to make other products.
Future Foam has not announced a timeline for its plans.« Previous Post Next Post »