Pacolet Milliken acquires 1,600-acre Lowcountry industrial park

By Ashley Boncimino
ashleyb@scbiznews.com
Published March 19, 2014

Spartanburg-based Pacolet-Milliken Enterprises Inc. acquired Cooper River Partners, the owner and operator of 1,600-acre Bushy Park Industrial Complex in Charleston.

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The terms of the deal were not disclosed.

Bushy Park tenants include eight manufacturers who have collectively invested $1.2 billion in the area and created thousands of jobs, according to a news release.

Cooper River Partners supply energy, utility and infrastructure services to tenant companies at Bushy Park. Tenants have access to utility commodities such as steam, nitrogen, compressed air, process water and refrigeration, and the complex includes deep-water and rail access.

“Bushy Park is a long-term regional driver of economic prosperity for the Lowcountry by providing a competitive location for the manufacturing of innovation-based products and technologies,” said Pacolet Milliken President Richard Webel. “Its unique offerings are an asset to any heavy industrial or manufacturing facility.”

Bushy Park tenants include engineering and design services company Perigon Engineering, Phillips Industrial Services and cable manufacturer Nexans High Voltage.

“We are constantly looking for distinctive projects that will add diversity to our energy portfolio, and Bushy Park fits squarely within one of our three energy divisions,” said Pacolet Milliken Senior Vice President of Energy Ralph Walker. “It satisfies almost all of our target business parameters for investing in industrial utility infrastructure.”

Pacolet Milliken Enterprises is a private, family-owned investment company founded in 2007 by the shareholders of Milliken & Co.

Reach Ashley Boncimino at 864-235-5677, ext. 103 or @ashleyboncimino.

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