Tuesday, November 15, 2016

Pillsbury plant purchased; Team Gahan livid at press release snub. In other news, sun set to rise tomorrow morning.

Well, there go the sewer tap-in waivers.

Major New Albany manufacturing plant sold, by David A. Mann (Louisville Business First)

The New Albany Pillsbury plant has been purchased.

A joint venture of New Mill Capital Holdings and Tiger Capital Group, both based in New York, purchased the former dough-products manufacturing plant from General Mills Inc., a news release said. The transaction — which included a large portion of the production equipment that was used in the plant — closed Monday for an undisclosed price.

The new owners intend to auction the remaining equipment in early 2017, and remarket the real estate for manufacturing uses.

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