BATAVIA, Ohio - Ohio Gov. John Kasich along with JobsOhio President and CIO John Minor, and Huhtamaki Executive Vice President of North America will be in Batavia for a major economic announcement Tuesday.
The Finnish firm Huhtamaki is purchasing half of the 1.8 million square foot former Ford transmission plant.
The new development is expected to create 237 full-time jobs within about four years, with average salaries of $35,772.
The latest numbers 9 On Your Side has learned is the company will pay $7.6 million for 900,000 square feet. That’s $2 million more than the value of the property.
Another $27 million could be spent on property renovations and improvements. An additional $30 million would be spent on machinery and equipment.
The announcement is expected shortly after noon Tuesday. Stay with 9 On Your Side for the latest developments.
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Eastside's Top Stories
Some schools are better equipped than others to protect students and staff from a tornado.