Three potential buyers express interest in Mitsubishi plant

Posted on January 14, 2016

By Joe Ragusa

NORMAL – Will a buyer step up soon and take over the Mitsubishi plant in Normal? The man in charge of the Mitsubishi Task Force thinks it’s possible.

Kyle Ham told WJBC’s Scott Laughlin that the holiday season was a down time for interest in the plant, but now its picking up.

“We’ve had as many as three new inquiries just in the last month that we’ll be entertaining sometime over the next 30 to 60 days,” Ham said. “Very preliminary, but a lot of these due diligence processes take months and months.”

Ham expects interest in the plant to continue growing as the weather gets warmer. He says the three potential buyers are all in the manufacturing industry, but not necessarily with automobiles.

The Mitsubishi Task Force has been looking for a potential buyer for the plant since Mitsubishi announced it was leaving Normal in July 2015.

Joe Ragusa can be reached at [email protected].

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