New partnership at Hydes, Sons

A new partnership is setting a new
course for manufacturing in Cayman.

Hydes & Sons and Groupe
Lacasse, a division of Michigan, US based Haworth recently announced a
manufacturing partnership that will bring office furniture production to Grand
Cayman and the Caribbean.

Hydes & Sons has built a
significant presence manufacturing metal products, and Groupe Lacasse produces
affordable modular office furniture.

“We are pleased to partner with
Hydes & Sons to create the first Caribbean manufactured office furniture
systems in the region,” said Lacasse Vice President JF Roy.

“As a leading Caymanian
manufacturer, Hydes & Sons brings a wealth of information and local
knowledge to the partnership. In addition to their expertise and guidance,
Hydes & Sons also offers a centralized location which we expect will create
an enhanced ability to service the regional Caribbean marketplace.”

Robert Lynch of Groupe Lacasse said
the partnership has been under negotiation since July 2009. Hydes & Sons will
be manufacturing workstation components for the company’s Nvision brand of office
furniture.

Mr. Lynch explained Hydes and Sons
will be manufacturing the panels and partitions, which provide support for the
Nvision workstation components.

 “We have found that office furniture is a
cyclical business, and the division of Hydes and Sons that will be making these
components fabricates hurricane shutters, which is seasonal as well, so it
turns out to be a great fit.”

The first of its kind in the
Caribbean, the partnership is anticipated to create new flexibility and
responsiveness in meeting market demands through the region. It is expected
that the venture will generate new capacity in Cayman to manufacture
high-performing office furniture systems within a cost framework the market
expects.

“We are doing several different
projects in the region,” said Mr. Lynch.

“With CARICOM the arrangement for
export within the region is logical, and it was an obvious choice for us to
look into doing business in Cayman’s exceptionally stable environment.”

Those involved in the venture noted
that it will provide increased job opportunities for Caymanian residents and
for Hydes & Sons, which will have the opportunity to grow its business,
diversify its product and service lines, and incorporate new technology into
its manufacturing processes.

 “As our list of clientele continues to expand,
we have decided to select a partner that is a world leader in office furniture
systems,” said Hydes & Sons Managing Director Ray Hydes.

“This partnership will diversify
our offerings and lead to increased business. Nvision brand workstations, which
will be manufactured at our facility in George Town, will offer value-for-money
and will provide cost-effective solutions using high-quality components,” he
continued.

“We are confident our partnership
with a pioneering company such as Groupe Lacasse will bring enormous benefits
to Grand Cayman.”

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