Abbot Mill intends to convert the facilities into a residential complex while Courier says it will continue its current levels of book manufacturing at the remaining facilities on the site.
The multi-story red brick mill buildings are part of a 600,000 sf complex of about twenty buildings, situated on 42 acres. They are the oldest buildings in the complex and are now no longer conducive to manufacturing. They were once the corporate headquarters for the Murray Printing Company, which was purchased by Courier Corp. in 1966, and were originally built as part of the Abbot Worsted Mills more than a century ago.
James F. Conway III, chairman, president and CEO of Courier, says that the sale will result in "reductions in our building operating costs without impacting our book manufacturing operations in Westford. The agreement requires that we incur certain costs to complete the transaction, such as the separation of all utilities within the complex. Although these costs could be significant, if the transaction is completed we anticipate realizing a small gain on the sale."
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