Plymouth Rubber may sell sites, lease them back

Canton, Massachussetts–Plymouth Rubber Company has said it is negotiating the sale of its 40-acre real estate assets in Canton, with a linked leaseback deal.

In a statement, Plymouth said the transaction would require the execution of definitive purchase and sale and lease agreements, and would be subject to the receipt of a satisfactory environmental report and other conditions. If negotiations are successfully completed before the end of February, the Company anticipates that a closing could take place before the end of the second quarter of 2005.


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