by Wendy Solomon, Lehigh Valley Business (PA)
A Missouri company that will clean a 20-acre site contaminated by a former paint manufacturing plant in Reading plans to redevelop the site.
Commercial Development Co. Inc., a leading real estate and brownfield redevelopment company based in St. Louis, bought the property formerly owned by ICI Paints on Bern Street, known by locals as the Glidden paint plant, near FirstEnergy Stadium.
ICI Paints, which produced latex solvent-based paints and resins for brands such as Glidden and Ralph Lauren, closed the 100-year-old plant in 2007. ICI Paints is now part of Akzo Nobel Corp.
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