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VOL. 131 | NO. 21 | Friday, January 29, 2016

Olympus to Invest $12M in New Bartlett Distribution Center

By Andy Meek

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A Tokyo-based maker of medical and surgical products plans to invest $12 million in a service and distribution center in Bartlett.

Olympus Corp. is building an East Coast national service and distribution center in Bartlett Corporate Park, a facility that will serve as a distribution point for Olympus medical equipment and devices like endoscopes, surgical devices and generators.

It will be Olympus’ second national service center, with its first in San Jose, California. The Bartlett facility also will create 280 new jobs in Shelby County.

Construction is expected to start in the spring on the facility, which officials said is needed to handle the company’s expected growth in the service, supply chain and logistics areas of its medical business.

“Our future Bartlett service and distribution center will further enable this goal as we take advantage of the unique logistics and transportation capabilities in the Memphis area, benefit from close proximity to our customers in the eastern United States, and enhance our ability to expedite turnaround times," said Nacho Abia, president and CEO of Olympus Corporation of the Americas.

Olympus Corporation of the Americas is a wholly owned subsidiary of Olympus Corporation and manages the company’s operations and business activities throughout North and South America. Olympus’ other core areas besides medical devices include scientific solutions and cameras and audio recorders.

The company plans to start hiring for the Bartlett facility as early as this summer.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 51 328 20,960
MORTGAGES 58 387 24,132
FORECLOSURE NOTICES 6 54 3,101
BUILDING PERMITS 170 842 43,435
BANKRUPTCIES 50 288 13,468
BUSINESS LICENSES 34 90 6,712
UTILITY CONNECTIONS 16 110 7,899
MARRIAGE LICENSES 32 91 4,734