Joyson seeks new lease from port
Joyson Safety Systems, which makes explosive actuators for automobile airbags, is seeking a new lease from the Port of Moses Lake that would give the company the ability to sell all of its physical U.S. assets to a real estate investment firm without prior approval from the commission which oversees the port, and then lease the assets back. Currently, Joyson owns its buildings but leases the land on which they sit.
CHARLES H. FEATHERSTONE/COLUMBIA BASIN HERALD
MOSES LAKE — Airbag explosive maker Joyson Safety Systems is asking the Port of Moses Lake for a new lease that would allow the company to sell its assets to a potential investor without needing port review, according to an attorney for the Port of Moses Lake.
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