A frozen food facility on Electronics Avenue in Danvers sold for $4.25 million, reported Banker & Tradesman.
The former High Liner Foods facility was purchased by an entity calling itself 18 Electronics Ave., LLC. Banker & Tradesman reported that the manager listed in the sale is Thomas Demakes, CEO of Old Neighborhood Foods, which is a Lynn-based meat vendor. Old Neighborhood Foods sells shaved meat, sausage, hot hogs, deli meat and corned beef, according to its website.
High Liner announced in 2012 that it was closing the Danvers plant. High Liner coats and batters fish for the food-service industry, but it announced the closure of the Danvers plant, as well as one in Canada, because the two locations were considered “the highest-cost and most underutilized facilities,” according to a 2012 High Liner Foods statement.