General Mills sells former Pillsbury plant in New Albany
Posted November 15, 2016 6:00 am
NEW ALBANY, Ind. (AP) - General Mills has sold a former Pillsbury plant in southern Indiana to two New York-based investor groups.
New Mill Capital Holdings and Tiger Capital Group bought the plant in New Albany plan to auction the remaining equipment from the plant early next year and remarket the plant for other manufacturing uses.
Terms of the sale announced Tuesday were not disclosed.
The plant has been vacant since August. General Mills announced early last year it was closing the plant and a neighboring business that together employed more than 400 workers, making it the city's fifth-largest employer at the time. Workers make crescent rolls, pizza dough and other refrigerated baked goods.
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