Real estate developers paid $5 million for the 47 acres
New owners of the closed cabinetry factory are planning on bringing new businesses and jobs to the southern Ohio county with the state's highest unemployment rate.
Pike's unemployment rate in November was 11.9 percent.
Two real estate development partners with experience in finding new uses for such sites bought the former Mill's Pride plant this month for $5 million from Masco Corp.
The Columbus Dispatch reports that officials in Pike County are enthused about the new uses for the 57-acre plant that closed nearly two years ago and took some 1,200 jobs. At its peak, it had employed 3,000 people.