EPS Corp.'s 50-percent owned Composite Holdings Inc. acquired about 37 acres and 141,000 square feet of marine composite manufacturing facilities located off the Barge Canal on Merritt Island, Fla.
The acquisition was completed Feb. 22.
It provides EPS and its affiliate, CHI, with a total of about 50 acres of Florida waterfront property and more than 230,000 square feet of marine composite manufacturing facilities.
“EPS is excited about this investment into the area. We expect great things moving forward with our line of marine vessels that will be manufactured at these facilities,” EPS chairman and CEO Francesco Musorrafiti said in a statement.