Arial Mill developer leases Shaw Flooring facility.

• Position: Farpoint Development, Blue Diamond Industries

Blue Diamond Industries, a subsidiary of the Swedish designer and manufacturer of fiber optic infrastructure Hexatronic Group AB, has chosen Clinton as the site of its first East Coast operations facility.

The company's $18 million investment is expected to create more than 90 jobs in the region, according to a news release.

Blue Diamond Industries produces high density polyethylene conduit products for the protection of fiber optic, data and power cables to serve needs in power utility, cable television, broadband and commercial and industrial markets.

Farpoint Development, the Chicago and Asheville-based developers that recently purchased Ashley Co.'s Arial Mill, partnered with Annenberg Investments to acquire the 200,000-square-foot vacant industrial building, the news release said. The partners then leased the property to Blue Diamond Industries.

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