Frederick Braun III, Brookhaven IDAHoltsville, NY According to Frederick Braun III, chairman of the Town of Brookhaven Industrial Development Agency (IDA), The Agency has closed on a package of economic incentives for a company that supplies beauty salons and barbershops with everything from bobby pins to furniture.
The incentives will assist family-owned Burmax Co., which has served the industry since 1948, to expand its facilities at 28 Barretts Ave. The company sought IDA assistance through a real estate affiliate, Scheff Family Realty Co. The incentives package, approved by the IDA on January 11th, closed on January 27th.
Burmax, which currently occupies 104,000 s/f, plans to add 24,000 s/f to accommodate the inventory of the Product Club brand.
Product Club was acquired by Burmax in 2015, and had operated out of New Jersey. Product Club specializes in hair color accessories and education.
Burmax has indicated it will increase its employment in Brookhaven from 161 employees to 169.
The IDA previously assisted Burmax in constructing its original 92,000 s/f building in 1992 and with a $2.5 million, 12,000 s/f expansion of that building in 2009. The company currently leases additional warehouse space in Deer Park and would end that operation with the completion of the addition, expected in Spring 2017.
“I’m pleased that the Town of Brookhaven IDA was able to assist Burmax in its expansion. The company has been a good corporate citizen in the town and has consistently grown its business in Holtsville. We look forward to working with the company’s management in this further commitment to the town,” said Braun.
“We are grateful to the Brookhaven Industrial Development Agency and their continued dedication to helping our company grow here on Long Island. With their assistance, Burmax will be able to expand our warehouse and office space, as well as hire additional employees,” said Steven Scheff, president of Burmax.
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