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The Fulton Companies Announce Capital Investment and Expansion Plan

PULASKI, NY — Fulton Companies, the global manufacturer of steam, hydronic and thermal fluid heat transfer products, announced a $221,000 Capital Investment Incentive grant from National Grid for infrastructure improvements that will support the company’s 112,000 square foot expansion and $13.9 million capital investment plan.

Standing from left are: Ronald Palm, chairman of the board, the Fulton Companies; Melanie Littlejohn, regional executive of Central New York, National Grid; Kevin LaMontagne, chief financial officer, the Fulton Companies; and Assemblyman Will Barclay.
Standing from left are: Ronald Palm, chairman of the board, the Fulton Companies; Melanie Littlejohn, regional executive of Central New York, National Grid; Kevin LaMontagne, chief financial officer, the Fulton Companies; and Assemblyman Will Barclay.

“We are grateful for National Grid’s support,” said Kevin LaMontagne, chief financial officer, The Fulton Companies. “Fulton is dedicated to Central New York. Our commitment to superior customer service, quality on-site product construction, and globalization of sales has resulted in our strong and continued presence in this region. The grant from National Grid allows us to begin to expand our facilities – this means more business, more customers, and more jobs. We plan to add approximately 50 new jobs in our Pulaski office over the next five years.”

“As longtime business partners, National Grid and Fulton have jointly identified job growth in Central New York as a critical issue to address,” said Melanie Littlejohn, National Grid regional executive of Central New York. “National Grid is pleased to provide these funds to help Fulton realize its growth, provide jobs, and sustain the economy. Not only will the community of Pulaski benefit, but so too will the entire region as National Grid  continues to make investments in economic development programs to help attract more businesses, residents, and visitors to our area.”

“The Fulton Companies’ expansion is great news for our area,” said Assemblyman Will Barclay. “This will not only add jobs to our region but will ensure hundreds of jobs will stay here with this reinvestment. I’m pleased Fulton Companies have received the support from National Grid to help create jobs. The leaders at Fulton Companies have shown their dedication to this region once again with this expansion.”

National Grid’s Capital Investment Incentive grant will offset costs associated with construction of a new 82,000 square foot manufacturing floor, 10,000 square foot Research & Development center, and 20,000 square foot office space.

The grant also supports Fulton’s $13.9 million capital investment in projects that include expansion of thermal fluid heating product lines, creating lower emissions products, and manufacturing a wider range of large boilers.

Since Fulton opened its doors in 1949, the company has continued to grow. Today the company boasts its highest employment levels with 260 employees locally and 850 employees globally. Fulton’s success and regional economic development initiatives are directly linked to partners like National Grid, Empire State Development, and Operation Oswego County.

The Fulton Companies

With manufacturing facilities in the United States, Great Britain and China, Fulton is a global manufacturer of steam, hydronic and thermal fluid heat transfer systems. Backed by more than 60 years of research, innovation and experience, Fulton is building on a tradition of success and is focused on improving life through heat transfer solutions.