New Mill Capital Holdings of New York acquired the 103,000 square-foot former Kraft Heinz bakery, located on 22-acres at 300 Reliance Avenue in Federalsburg, Maryland.
The plant, in Caroline County, previously served as a bread and dehydrated product production operation producing Stove Top Stuffing and other items in economic center of Maryland’s Eastern shore.
“We’re very excited to be the new owners of the bakery in Federalsburg,” said Tom Murray, Principal of New Mill Capital Holdings. “This is a great opportunity for anyone looking for expanded bread production capacity and the ability to also produce a dehydrated bakery or crouton type of product.”
The equipment available in-place allows potential operators to immediately produce bread products, as all bulk powder handling, large batch mixing, and gas fired tray ovens are ready to use. “Much of the equipment is late model,” said Eric Weiler, Principal of New Mill Capital Holdings who manages the firm’s food processing and packaging disposition efforts. “With three complete drying lines and bulk packaging, the plant offers significant options for an operator going forward.”
The plant sits within a 200-mile radius of major East Coast ports including Baltimore, Washington DC, Philadelphia, New York, and Norfolk. According to company officials, In addition to being a turnkey bakery, the plant has ample infrastructure to work for other food and non-food uses. The area’s strong labor force and Maryland’s aggressive incentive packages make the location ideal for variety of uses.
New Mill Capital provides comprehensive asset solutions for the industrial marketplace. Primary services include turnkey acquisitions of closed industrial plants, value-added equipment liquidation and monetization, and webcast and online auctions. NMC has acquired well over 10,000,000 square feet of plants since 2011 and has conducted auctions and/or liquidations for industries ranging from food processing and packaging to steel, semiconductor, cosmetics and textiles.