Around the block | May 28, 2010 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - May 28, 2010

Around the block

CPI SOLD ... A hazardous-chemicals facility that has long plagued Barron Park residents with repeated chemical leaks has been sold. Communications and Power Industries (CPI) announced its sale to Comtech Telecommunications Corp. on May 10 for $472.3 million in cash and stock. Residents hoping that the sale will trigger closing of the plating plant and chemical facility could be disappointed. Michael D. Porcelain, Comtech senior vice president and chief financial officer, told the Weekly that the plating facility is crucial to the company's manufacture of defense systems and medical equipment. "We have no plans to move this facility today. However, any decisions we may make in the future about the facility will balance the interests of all the communities in which we participate and serve, including our neighbors in Palo Alto, our armed forces and the nation's healthcare providers," he said. Comtech will meet with residents to hear their concerns, he added.

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