Nova Scotia Business Inc. (NSBI) has sold the former Federal Gypsum plant in the Point Tupper/Bear Head Industrial Park, Richmond County.
It was sold to Point Tupper Property ULC, an affiliated company to Acadia Drywall Supplies Ltd., which has operated a business division known as Cabot Gypsum in Point Tupper since 2011.
The sale includes a 30.2-acre parcel of land and the facility. The sale price was $700,000.
The purchase will facilitate Acadia Drywall’s continued operations at its gypsum wallboard plant which has been in the industrial park since 2011.
NSBI has not provided funding or business development incentives for this operation.