Reich Brothers, which buys shuttered plants, sells assets to acquire Madison Oscar Mayer HQ

MADISON — A company that buys shuttered plants and sells their assets has plans to acquire the former Oscar Mayer headquarters in Madison.

Reich Brothers Holdings expects to close on the deal at the end of October. CEO Adam Reich tells the Wisconsin State Journal the company hopes to bring manufacturing back to the plant which was home to Oscar Mayer since 1919 and once employed 4,000. Production ended in June.

Reich says the industrial vacancy rate in Madison and Wisconsin is relatively...

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