First Niagara Bank financing Marietta Corp. expansion

CNY Business Journal (1996+), Nov 12, 2004

First Niagara Bank has teamed up with the Cortland County Industrial Development Agency to help Marietta Corporation grow its business through a multimillion-dollar expansion of its Cortland manufacturing facilities.

First Niagara's financing is allowing Marietta to add a new, high-speed, bottling line and other equipment at its 450,000square-foot manufacturing facility on Central Avenue, the former Rubbermaid plant. Marietta has added 25 new jobs with the line.

Marietta is a personal-care, amenity supplier and the leader in manufacturing customized sample-size, or "unit-of-use," packaging for consumer products. Marietta's soaps, shampoos, and other amenities arc found in national and international hotel chains.

With the new line, Marietta will supply four- to 32-ounce retail containers of shampoo, lotions, and other products as a contract manufacturer for Procter & Gamble, L'Oreal, and Johnson & Johnson.

First Niagara is also providing Marietta's parent company, BFMA Holding Corp., with financing for Caswell Massey Co. Ltd., one of the oldest consumerproduct companies in the United States and a well-known seller of upscale soaps and toiletries.

First Niagara Bank is the wholly owned subsidiary of First Niagara Financial Group, Inc. (Nasdaq: FNFG). First Niagara Bank is a full-service financial services company with more than 71 banking centers statewide.