The Chamber and SLIBCO Announces Successful Land Sale to N&N Drilling The Greater Scranton Chamber of Commerce announces the closing of a land transaction within the Valley View Business Park. Lot 14B, totaling 3.76 acres of prime industrial land, has been acquired by N&N Drilling, a prominent local business headquartered in Jessup, PA. The sale was facilitated by Scranton Lackawanna Industrial Building Company (SLIBCO), the Chamber’s business development affiliate. N&N Drilling, founded in 1967, has been a cornerstone of northeastern Pennsylvania’s industrial landscape for over five decades. Specializing in the manufacturing of drilling supplies, the company has garnered a reputation for precision, innovation, and reliability in serving diverse industrial sectors. This strategic acquisition by N&N Drilling represents a significant milestone not only for the company but also for the economic vitality of the region. By expanding its footprint within the Valley View Business Park, N&N Drilling is poised to enhance its operational capabilities, pursue new opportunities, and contribute further to the growth and prosperity of the local community. “N&N Drilling Supply is pleased to announce the acquisition of land in the Valley View Business Park. This expansion allows us to increase our production capacity, explore new product development opportunities, and ultimately create more jobs in the region. We’re also delighted to welcome the third generation of our family into the business. Having Marco, Gary III., and Juliano join our team over the past year is a testament to the generations of hard work and dedication that have built this company for over 58 years,” shared Greg Nieto. “We’re excited for the fresh ideas and perspectives they’ll bring, and we’re confident they’ll help us continue to thrive for many years to come right here in Northeastern PA and beyond. We’re excited for the future and look forward to being a part of the continued growth of Northeastern Pennsylvania.” The Greater Scranton Chamber of Commerce extends its congratulations to both SLIBCO and N&N Drilling on the successful completion of this transaction. This sale exemplifies the Chamber’s commitment to fostering economic development, promoting entrepreneurship, and facilitating strategic partnerships that benefit businesses and residents alike. For more information about SLIBCO and opportunities within the Valley View Business Park, please visit www.SLIBCO.com.
The Chamber Announces Land Sale by SLIBCO to PNK Group The Greater Scranton Chamber of Commerce, through its business development affiliate, Scranton Lackawanna Industrial Business Company (SLIBCO), is pleased to announce the sale of 88.73 acres of prime industrial land in Jessup and Archbald, to PNK Group, with the intent to develop industrial facilities totaling 765,000 square feet. PNK Group, an investor with expertise in financing, development, engineering, and construction, has identified northeastern Pennsylvania as a strategic location for its latest investment. Recognizing the region’s proximity to major markets and its exceptional labor force, PNK Group seized the opportunity to acquire these parcels of land to implement its industrial development projects. This transaction highlights the region’s appeal to prominent investors seeking to capitalize on its economic and workforce potential and The Chamber’s commitment to fostering economic growth and attracting investment to the area. “The acquisition of prime industrial land in Jessup and Archbald marks a significant step forward for our expansion efforts in northeastern Pennsylvania. We are excited to bring our expertise in financing, development, engineering, and construction to this strategic location. This investment underscores our confidence in the region’s economic prospects and our commitment to driving growth and innovation. We look forward to bringing our industrial development projects to fruition and contribute to the continued success of the local economy” shared Mark Stiles from PNK Group. PNK Group specializes in constructing multipurpose industrial buildings for large-unit blocks, leveraging their expertise to create state-of-the-art facilities that meet the needs of modern industries. With this acquisition, PNK Group aims to enhance the region’s industrial infrastructure while creating opportunities for job growth and economic advancement. Bob Durkin, president of The Chamber shares, “The PNK Group has a reputation for high quality developments that attract a balance of industry types to their facilities. This perspective fits well into the commitment of the Chamber and SLIBCO to diversify our economy in Lackawanna County and our region.” The Greater Scranton Chamber of Commerce is committed to facilitating further business development initiatives and fostering partnerships that drive prosperity and innovation in Lackawanna County and Northeastern Pennsylvania. For more information regarding the sale to PNK Group or on The Chamber’s business development affiliate, SLIBCO, please contact Bruce Reddock, director of business development, at breddock@scrantonchamber.com or (570) 342–7711 ext. 136. About The Greater Scranton Chamber of CommerceThe Greater Scranton Chamber of Commerce is a not-for-profit organization that works to improve the area’s economic environment and quality of life by offering programs and services which stimulate economic growth, promote business prosperity and nurture educational opportunities. For more information about the Chamber, visit www.scrantonchamber.com. Scranton Lackawanna Industrial Business Company (SLIBCO) Scranton-Lackawanna Industrial Business Company (SLIBCO), an affiliate of The Greater Scranton Chamber of Commerce, develops multi-tenant buildings and industrial and office parks in northeastern Pennsylvania. SLIBCO also owns and manages two technology incubator facilities to start-up and expand small businesses. For more information, visit www.SLIBCO.com.
