Six months after closing its Cheektowaga plant, MGS Manufacturing Group has sold the Walden Avenue facility to a growing Depew manufacturer.
An entity called 2400 Walden Avenue LLC paid $400,000 last week to buy the former plastic mold injection plant from MGS Buffalo Real Estate Inc., according to documents filed with the Erie County Clerk's office. The buyer is controlled by Greg Sanders, owner of Moto Fab Lifts, a Depew-based maker of leveling kits for Ford, Chevrolet, Dodge, Toyota and Nissan trucks.
Moto Fab will move to the new location at 2400 Walden Ave., Sanders said. Founded in 2009, the company employs four and leases 26,000 square feet of space at its current location, but Sanders said business has been growing quickly. "We've been doubling sales every year for the past couple of years," he said.
"There's going to be quite a bit of space that's not going to be used right away" at the new location, Sanders said, but he expects the company will expand to fit.
The single-story, 44,335-square-foot manufacturing building was constructed in 1967 on 2.31 acres and is located next to trucking firm Peterbilt.
It includes two grade-level overhead doors, two truck loading docks, a fenced yard and 11 cranes, as well as parking for 58 vehicles. The purchase also included 38 plastic mold injection presses, surge bins, five silos, material dryers, locker rooms, storage, a quality lab, a tool room, a training and conference room, and other furniture and equipment.
Wisconsin-based MGS acquired the plant in 2014 from Hospira, which was spun off from Abbott Laboratories in 2004. The plant made parts for Hospira's pharmaceutical and device businesses.
MGS was acquired in June 2016 by private equity firm Mason Wells of Milwaukee, which shut it down in February, cutting 62 jobs.