Land Assemblage – Austin Powder Co., Tennessee
Situation
Austin Powder had plans to develop a facility to manufacture ammonium nitrate (used in fertilizers) by launching a new company called U.S. Nitrogen.
Challenges
The site needed to be located adjacent to natural gas and ammonia pipelines, as well as rail and major highway access. In addition, the site had to be zoned to allow manufacturing.
Results
After concluding a 5-state search and several site visits with local economic development authorities, a site containing all the criteria was assembled (from 21 different owners) in Tennessee. Land was optioned for due diligence and subsequently purchased after zoning and permits were obtained.
