Westab made the facility at 167 Kelley Drive its home in early 2001 after Mead acquired assets of the debt-ridden Pen-Tab Industries. Pentab had been in the structure since its 1995 relocation from New York. It originally invested $12 million in the property, which has a build-out potential of 440,000-sf.
"Closing the Westab facility will allow us to continue meeting the service requirements of our customers and strengthen our competitive position while reducing overhead costs at the same time," explains MeadWestvaco president Neil A. McLachlan.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
