PENDER COUNTY, NC (WECT) - The Coty Plant went on the auction block on Thursday. Five companies paid a $5,000 deposit to be able to bid on the plant, however when the starting price of $2.5 million was announced, no one placed a bid.
Now the owner of the facility, the group Active International, is working on negotiating a price with the companies that expressed interest.
County leaders and former plant employees say they hope a new tenant moves in soon and helps to bring more jobs and industry into the county. By the time the gates to the Coty Plant closed for the last time in May 2011, more than 500 employees had lost their jobs.
At last check, there is still no new owner of the old Coty Plant in Pender County.
We're told the owners are negotiating with two interested parties. One group was there during the original auction and paid a $5,000 deposit to be able to bid.
The other group recently expressed interest in the property and made an offer.
It could be a week before a decision is made.
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