STAFFORD, Conn. (AP) — A buyer has come forward for a wool mill in Stafford Springs that was one of the last of its kind in the country when it stopped production last year.
The American Woolen Company is in the process of purchasing the Warren Mills complex, which operated for 160 years before closing in December.
The company says that with the acquisition it will reintroduce luxury worsted and woolen textile manufacturing to the United States.
The Connecticut Department of Economic and Community Development said Friday it is providing the American Woolen Company with a $300,000 loan and a $100,000 grant to help cover the building acquisition costs.
The governor's office says the company plans to hire many of the mill's former employees as it ramps up production.