CANAJOHARIE - Beech-Nut Nutrition Corp. has completed the sale of its Canajoharie plant to a company specializing in the rehabilitation of old industrial buildings.
The Lenzburg, Switzerland-based Hero Group, Beech-Nut's parent company, closed last Friday on a deal selling the facility to TD Development LLC. The buyer says it plans to convert the 20-acre property in Canajoharie into a multi-tenant shipping and light manufacturing complex, according to an Associated?Press report.
In a statement released Monday, Jeff Boutelle, president of Beech-Nut Nutrition, said, "We are extremely grateful to the village of Canajoharie as well as the Montgomery County Industrial Development Agency for their assistance in this matter. We know that this has been a long process and we appreciate the patience of the local community in our efforts to market the site over the last several years."
Village Mayor Francis Avery said he was pleased to see the building sold.
"Any use, any jobs generated are naturally a plus," he said.
Beech-Nut moved to its current facility in the town of Florida about two years ago.
The baby food maker's departure left the village with a sewer system that was too costly to maintain without the company, officials said. So far, officials have been able to leverage state grants to update the sewer plant and try to keep sewer rates down.
Montgomery County Business Development Center CEO Ken Rose said Monday he could not talk about the sale.
"All I can tell you is that they did close on the facility Friday and that it is a private developer," Rose said.
According to Rose, information about the sale would be made available later this week. Rose was unavailable for further comment this morning.