Hartford Business Journal

4 HARTFORDBUSINESS.COM | JUNE 28, 2021 Let us help get your people back to work! h t t p : //o f f e r. g o e n c o n . c o m / h b j 1 2 6 5 W o o d e n d R d , S t r a t f o r d , C T 0 6 6 1 5 | 2 0 3 - 6 8 3 - 4 9 9 8 The CDC states that a building's heating, ventilation & air system is the main way to fi ght indoor air contamination. Is your system up to the task? For over 50 years, we have helped to improve indoor air quality in businesses throughout Connecticut. We can help you too. Biz Briefs Harvard Pilgrim to relocate CT headquarters to Rocky Hill Harvard Pilgrim Health Care is changing its name and moving out of downtown Hartford's City Place office tower in the wake of a merger with another insurer, the company announced. The 25 workers currently assigned to Harvard Pilgrim's office at 185 Asylum St., in Hartford will be based at 55 Capital Blvd., in Rocky Hill, the company said. Workers will have the option to work remotely or in the Rocky Hill office. Harvard Pilgrim completed its merger with fellow Massachusetts- based nonprofit insurer, Tufts Health Plan, on Jan. 1. The merged company will be called Point32Health, "inspired by the 32 points on a compass," the insurers announced. Two Bloomfield manufacturers combine forces in M&A deal Two Bloomfield manufacturers are combining forces. Integrated Polymer Solutions Inc. (IPS), which makes highly- engineered elastomeric components and tools for the aerospace and defense industries, has acquired Swift Textile Metalizing LLC for an undisclosed sum. Swift Textile Metalizing (STM), which makes metalized fabrics that go into products from computer keyboards to submarines, will continue to be managed by company owner and President Steve Sigmon, IPS said. IPS is a portfolio company of San Francisco private equity firm Arcline Investment Management. Mass. developer to build warehouse in Windsor A Massachusetts-based developer is moving forward with plans to build a distribution warehouse in Windsor. According to documents submitted to town officials, Condyne Capital Partners, of Braintree, is looking to build a 166,375-square-foot facility at 105 Baker Hollow Road. The local planning and zoning commission recently signed off on Condyne's site plan, subject to final approval. Windsor Town Planner Eric Barz said the warehouse is expected to be divided among four tenants. The facility is being built "on spec," Barz said, meaning the company has not yet lined up leases for the space. Condyne will likely find no shortage of takers. Connecticut has become a major landing spot for warehousing and distribution operations over the last several years, mainly due to the rise of e-commerce and the state's proximity to both New York City and Boston. Stanley President Allan en- courages Asia Pacific trade engagement at U.S. Senate hearing At a U.S. Senate hearing June 22, Stanley Black & Decker President Don Allan said engaging with countries in Asia while lifting tariffs on Chinese goods would increase the American manufacturing industry's competitiveness. The hearing of the Senate Finance Committee focused on strategic multilateral trade policy in the Asia Pacific region. During his testimony Allan, who became president of the New Britain-based tool manufacturing giant in February, said he believes the U.S. should develop a strategy that increases trade partnerships in the Asia and Asia Pacific region. "Strengthening commercial and diplomatic ties with countries including South Korea, Japan, India and other allies will ensure that no one country is over-relied on for serving the world, and particularly the U.S. market." During his testimony, Allan also touted Stanley's efforts over the past decade to reshore much of the company's manufacturing to the U.S. He noted that Stanley is establishing the headquarters for the Craftsman hand-tool brand — which Stanley acquired in 2017 — in Fort Worth, Texas, after the previous owner located it in China. "Our hiring and investment in the U.S. is the manifestation of our commitment made about 10 years ago to move supply chain and manufacturing closer to our customers," Allan said. Don Allan

• Cover