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Canajoharie, NY ,

Joshua Thomas
Beech Nut as pictured in October, 2013.

Joshua Thomas
Beech Nut as pictured in October, 2013.

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Former Beech-Nut facility finally sold

Wednesday, December 11, 2013 - Updated: 4:52 AM

By CAROLINE MURRAY

For the C-S-E

CANAJOHARIE -- After sitting vacant for more than two years, the 20-acre former Beech-Nut facility in the village has been sold.

Beech-Nut President Jeff Boutelle, in a prepared statement released Monday, said the sale was closed Friday and handed over to a "private investor."

The terms of the deal were not disclosed.

Published reports said the factory was sold to TD Development LLC, a company that specializes in the rehabilitation of old industrial buildings.

Pyramid Brokerage Co., a real estate firm from Syracuse, handled the offer, according to Ginger Berkey, an associate of the company.

According to published reports, TD Development plans to demolish 30 percent of the building and renovate the rest.

Canajoharie Mayor Francis Avery said the building will primarily be used as a warehouse for storage and distribution.

Avery looks forward to the plant's reconfiguration and was pleased with the sale because he believes it will bring more jobs into the area.

"We are very pleased that the facility has been sold and that any jobs and any work done there is obviously a benefit to the community and we look forward to a warm and mutually beneficial relationship with the new owners," Avery said.

Although Beech-Nut moved its operations to a newer facility on Route 5S in the town of Florida, the company, a subsidiary of the Lenzsburg, Switzerland-based Hero Group, continued to pay property taxes on the Canajoharie plant. Village officials were concerned that the company would eventually file for a reduced assessment -- or stop paying taxes altogether -- leaving Canajoharie in a financial bind.

Boutelle said the sale will enable the company to focus on its operations in the town of Florida.

Montgomery County Economic Development Director Kenneth Rose and representatives of TD Development could not be reached for comment.

In a statement released Tuesday, state Sen. Cecelia Tkaczyk, D-Duanesburg, said the sale of Beech Nut facility in Canajoharie is "good news for for local residents."

"Redevelopment and improvements to the 20-acre building will create jobs and the plan to lease out space will attract businesses to Canajoharie and help to diversify the local economy," Tkaczyk said. "I applaud the Montgomery County Business Development Center and local officials in the county, town and village who worked to expedite and finalize the sale."

     

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