Credit: Femto/CC BY-SA 3.0,
A company that researches and develops cashew nutshell liquid products is moving to Bristol Township.
Cardolite Corporation will move from New Jersey to a new 32,280-square-foot building in Bristol Township that will be used for the development of new products.
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As part of the move, funds from the Pennsylvania Industrial Development Authority were provided to the Bucks County Economic Development Corporation to grant the company a $1,250,000, 15-year loan at a 2.75 percent rate with a 7-year reset, according to Gov. Tom Wolf’s office.
The new facility will allow the company to relocate to the Keystone State.
Over the next three years, the company is expected to create 25 full-time jobs.
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Cashews, which are related to poison ivy, come from a fruit on the plant. The shell of the cashew carries irritants that cause itchiness, which is why cashews are sold without shells and roasted. Cardolite Corporation, according to the their website, uses cashew shell liquids to create curing agents, resins and modifiers, blocking agents, and other commercial products.
