DEVENS, MA-Just months after saying it would shut a facility at the former Devens military installation, the Proctor & Gamble Co. is close to signing a lease extension on its packaging facility at the Devens location.
The Cincinnati-based firm, which took over the leases last year when it bought Gillette for $53 billion, expects to sign a deal in the next few weeks to keep the packaging plant open for another three years, a P&G spokeswoman says.
Proctor & Gamble announced earlier this year that it would close the smaller of its two packaging plants at Devens and move its packaging and warehouse facility to a P&G plant in Greensboro, NC. Both Devens facilities are leased from Boston-based Intercontinental Real Estate Corp., The company plans to maintain its Gillette plants in South Boston, which develops razors and blades, and Andover, which manufactures aerosol products.
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