Happi Staff04.13.20
Procter and Gamble (P&G) has sold its manufacturing plant in Kansas City, Kansas, but will lease the property for at least the remainder of this year as operations wind down.
The sale is the latest step in P&G's plans to transfer production of Dawn, Gain, Ivory and Joy hand dishwashing detergents from the plant in Kansas City, KS, to a new one in West Virginia.
P&G did not disclose the price of the sale of the plant to New Mill Capital, a California firm specializes in the disposition of manufacturing equipment and real estate.
According to Business Courier, the appraised value of the Kansas plant was more than $14.2 million, according to JLL, which oversaw the sale. The complex encompasses a total of more than 574,500 square feet on 66.17 acres at 1900 Kansas Ave., which is near Interstate 70 and U.S. Highway 69. That includes manufacturing space of 186,000 square feet, warehouse/packing space of 200,000 and office space of 160,000 square feet.
P&G previously said it planned to transfer production of its chemical ingredients business from Kansas City, KS to the Ivorydale plant in St. Bernard.
Procter & Gamble was represented in the sale of the Kansas plant by JLL managing regional director Kevin Wilkerson and executive vice president Phil Algrim. JLL, which specializes in real estate and investment management, often partners with P&G on the management or sale of properties.
Procter & Gamble has 24 manufacturing plants in 18 states, plus two plants in Canada. Together, they support a network of more than 11,000 suppliers and small businesses.
P&G has two plants in Ohio—one in St. Bernard and another in Bath Township.
The sale is the latest step in P&G's plans to transfer production of Dawn, Gain, Ivory and Joy hand dishwashing detergents from the plant in Kansas City, KS, to a new one in West Virginia.
P&G did not disclose the price of the sale of the plant to New Mill Capital, a California firm specializes in the disposition of manufacturing equipment and real estate.
According to Business Courier, the appraised value of the Kansas plant was more than $14.2 million, according to JLL, which oversaw the sale. The complex encompasses a total of more than 574,500 square feet on 66.17 acres at 1900 Kansas Ave., which is near Interstate 70 and U.S. Highway 69. That includes manufacturing space of 186,000 square feet, warehouse/packing space of 200,000 and office space of 160,000 square feet.
P&G previously said it planned to transfer production of its chemical ingredients business from Kansas City, KS to the Ivorydale plant in St. Bernard.
Procter & Gamble was represented in the sale of the Kansas plant by JLL managing regional director Kevin Wilkerson and executive vice president Phil Algrim. JLL, which specializes in real estate and investment management, often partners with P&G on the management or sale of properties.
Procter & Gamble has 24 manufacturing plants in 18 states, plus two plants in Canada. Together, they support a network of more than 11,000 suppliers and small businesses.
P&G has two plants in Ohio—one in St. Bernard and another in Bath Township.
