Special report: After the fire … Former glass factory serves as main site
PARKERSBURG — The former Corning and Schott Scientific Glass facility along the Little Kanawha River at 1624 Staunton Ave. was another piece of the 2011 acquisition of the Gateman Group by the Naik companies.
The purchase price was $140,750, and the buyer was listed as PCR of WV LLC, a real estate company organized just three days before the sale was finalized. Saurabh Naik is listed as the organizer.
In a July 2011 article in The Parkersburg News and Sentinel, Naik said the glass plant would become the Green Research Center, housing every recycling process under one roof.“It will be like no other site in the world,” he said. “The acquisition of the Gateman Group and the expansion plans of SirNaik into post-consumer recycling is proof positive that capacity and technology exists to make recycling and reuse profitable for second-tier markets.”
Sunny Naik said this week via email that the location “continues to be our intake hub where we have recycling process(es) to serve the polymer industry unlike anyone in the county.”
Wooden pallets, drums and boxes are visible outside the building from Corning Park, while large boxes can be seen through the windows. The facility was purchased from Schott Scientific Glass in September 2004 for $650,000 by Isotek LLC, a real estate company formed around the time of the sale in a merger with Isotek Inc., incorporated by Gateman group owner E.R. “Ted” Gateman 13 years earlier. The purchase came about a month after Schott closed. Schott bought the plant in 1994 from Corning Glass, which opened in Parkersburg in the 1940s. At the time the closure was announced, approximately 190 people worked at Schott. Five months later, Isotek challenged a state appraisal of the property at $4,738,600.