Gordon Holdings Moving Headquarters and Polystrand Expanding Business to Front Range

DOUGLAS COUNTY, Colo., June 7, 2011 /PRNewswire/ -- Gordon Holdings, Inc., parent company of Polystrand, Inc. and Gordon Composites, Inc., today announced plans to move its corporate headquarters and expand its Polystrand business in Montrose, Colo. to Douglas County, Colo.  Gordon Composites will maintain its manufacturing facility in Montrose along with Polystrand's current operations.

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Mike Gordon, president of Gordon Holdings, said the move is being made to support the company's growth.  The new Polystrand facility will have 120,000 square feet of manufacturing and office space for its corporate headquarters, which is more than double the size of its existing facilities in Montrose.

"We need room to expand and being close to Denver International Airport will make it easy for customers to visit Polystrand as we work on development projects," said Gordon. "Easy access to major rail lines and transcontinental highways will also facilitate shipments of materials and finished products."

Polystrand produces reinforced-thermoplastic composites that provide structural reinforcement to the trucking, automotive, air cargo, wind energy and other industries. Many material experts believe the products are the next generation of fiber-reinforced thermoplastic composites, minimizing waste, increasing productivity and competing with steel and aluminum for strength and recyclability.

The new facility will be in the HighField Business Park just southeast of Centennial Airport near E-470 and Peoria.  The company has agreed to take 16.6 acres of the 100 net acres at HighField Business Park.  The deal is expected to generate up to 240 new jobs to Douglas County in the coming years, which is already one of the fastest growing counties in the United States.

Richard Hubina of Ringsby Realty Corporation and David Kienholz of Prudential Kienholz Group RE represented the tenant.  Jeremy Records of Central Development in partnership with Bradbury Properties sold the land and will develop the project.

"This is truly a great story for Douglas County and the Front Range," said Jeremy Records, President of Central Development.  "We're excited to be involved with a company that is on the cusp of so much growth.  It's as if we were talking about plastics in the 1960's and all the possible applications."

Vectra Bank provided the financing for this project while Douglas County and the SouthEast Business Partnership were integral in supporting this project for its new job opportunities and potential economic growth in the area.

About Polystrand.

Founded in 2004 and headquartered in Montrose, Colo., Polystrand, Inc. is a privately held company focused on developing the next generation of fiber-reinforced polymer (FRP) composites. Polystrand® material combines continuous structural fibers and thermoplastic resin into ribbons or coils that can be heated and reformed to create end-use applications.  The company makes ThermoBallistic™ products for ballistic applications and ThermoPro™ products for commercial and industrial applications.  Additional information can be found at the company's Website, www.polystrand.com, or by e-mail to [email protected].

About Bradbury Properties.

For over 60 years, the Bradbury family has had a significant Colorado land presence. Since 1995, the family has transitioned some of its agricultural holdings into some of Douglas County's better-known developments including Meridian Business Park and Lincoln Station. Bradbury developed land sits under such corporate campuses as CH2M Hill and First Data (and soon-to-be Kaiser adjacent to Lincoln Station) and has also provided the land to build nearly 1,600 single family homes in the residential communities of Bradbury Ranch, Heritage Hills and Meridian Village.

Bradbury Properties is excited about the activity at its newest 100-acre development, HighField Business Park, located near Peoria just south of E-470. For development opportunities at HighField, please email [email protected].

About Central Development.

Central Development is a developer/investor based in Denver, Colo. with a wide based real estate development focus and highly targeted Colorado regional understanding.  The company combines a high level real estate management experience with local marketing knowledge to bring the best outcome to each property in their project pipeline.

Additional information can be found at the company's Website, www.centraldevelopment.com, or by e-mail to [email protected].

About Vectra Bank.

With assets of $2.3 billion, Vectra Bank Colorado is a proactive, customer-focused organization dedicated to real relationship banking. Part of the Zions Bancorporation family of banks, Vectra serves Colorado's small, middle-market and corporate business clients with 39 locations throughout Colorado, and one in Farmington, N.M.  The bank's website address is www.vectrabank.com.

SOURCE Central Development