General Mills sells plant in Indiana to investor group
A Joint Venture of New Mill Capital Holdings (www.newmillcapital.com) and Tiger Capital Group, (www.tigergroup.com), both based in New York, has acquired a former dough-products manufacturing plant in New Albany from General Mills. The transaction, which included a large portion of the production equipment that was used in the plant, closed on Nov. 14 for an undisclosed price.
The new owners intend to auction the remaining equipment in early 2017, and remarket the real estate for other food or non-food manufacturing uses.