Investment firm completes purchase of Fujifilm’s Greenwood plant

GaryPageau ,

GSA Business Report revealed the sale of the Fujifilm North America manufacuring complex in Greenwood S.C. has officially closed in a deal that preserved 300 jobs at the once-sprawling plant. The sale of the property was announced in July after Phoenix Investors leased 1.1 million square feet back to Fujifilm. Fujifilm, which was the only occupant of the site since 1988, has leased back approximately half of the campus

Phoenix said told GSA Business Report an affiliate of the Milwaukee-based commercial real estate firm has closed the deal for an undisclosed sum.

In July, Fujifilm execs talked about the commitment to continued manufacturing in Greenwood, based in part on on-going demand for silver-halide film products.

“We are pleased to continue our manufacturing assembly operations of QuickSnap one-time-use-cameras and with the increased demand for color film, we’ve recently added a second shift with 15 additional positions,” said Bing Liem, division president of Fujifilm North American Corp.’s Imaging Division. “We will also continue our personalized photo products operations here, where we provide fulfillment of photo prints and photo gifts for customers across the country. We have built strong relationships with the community to fill nearly 1,000 seasonal positions annually during our busy holiday season and are proud to be one of the largest employers in Greenwood.”

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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.