A company called Audcomp is an IT company that also invests in Real Estate and they have offered to buy about 3 acres of land in Lucas Point Industrial Park at the north west corner of Dodge and Thompson Streets for $40,000 per acre. Their offer was accepted by Cobourg Council at their C.O.W. meeting on Monday night, 29 March (subject to ratification at their regular Council meeting next week – Update: It was ratified). Audcomp plan to construct a building of approximately 8,000 ft2 to 14,000 ft2 to accommodate their tenant, Davey Tree of Canada who plan a National Distribution/Logistics Centre for their Canadian operations. They are a US based company and plan more than 50 new local jobs paying approximately $50/hour. Audcomp will be providing a 20 year lease to Daveytree with an option of an additional 10 years.
Although the deal has not yet closed, Audcomp says that they will
…. warehouse tools and equipment at this location to distribute to field locations across Canada. Currently they utilize their USA distribution centre located in Kent, Ohio and it has become necessary to establish their own Canadian distribution/logistics centre. They have also deemed it necessary to have their Emergency Preparedness Task Team at this location. This team would manage all emergency logistics across Canada. Additionally, this location would be utilized by the three divisions within the proposed tenants operation; Rail, Utility, Residential and Commercial thus the distribution and logistics for all divisions would be stationed at this proposed location. This distribution centre will ship all tools, skill saws, ladders, wood chippers and other equipment across Canada.
Audcomp says that they “will submit for Site Plan Approval as soon as the Township confirms our offer to purchase. We will commence construction as soon as the Township building department grants us permits. We are self funded, thus we are ready to commence this project.”
Audcomp says that Davey Tree is a North American company founded in 1880. Their world headquarters is located in Kent Ohio (photo above) and their Canadian head office is located in Ancaster Ontario. Davey Tree is an employee owned organization and is the largest employee owned company in the state of Ohio. Davey Tree is an industry leader in horticultural and environmental services. They are innovative and provide leading edge scientific research in this field. Davey Tree is the largest tree service organization in Canada. They have contracts with provincial and federal branches of government for removal of trees, branches and other botanical growths. Davey Tree is part of the government emergency preparedness taskforce team responsible for responding to wind and ice storm tree cleanup and removal.
Audcomp is a Canadian company headquartered in Ancaster, Ontario.