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June 2, 2011

Former Oxford Homes property sold

By The Mainebiz News Staff

A stone products company has bought the former Oxford Homes plant and plans to add about 15 jobs.

MGA Cast Stone Inc., which manufactures architectural concrete products for commercial and institutional buildings, plans to move from New Gloucester to the Route 26 property in Oxford by the end of the month, according to a press release from the company. The company currently has 15 employees and plans to double that number in the next six months. Owner Gerry Hamann told the Sun Journal he bought the property from Bill Ryan Jr., owner of the Oxford Plains Speedway, for less than $500,000. The 14-acre property has a 45,000-square-foot main building and outbuildings, and was valued at more than $1.2 million in 2010.

The property has been vacant since 2008, after Eco Building Systems, which bought the assets of Oxford Homes in bankruptcy court in 2007, closed the facility and laid off 93 people. Pennsylvania-based Excel Homes then took out an option to buy the facility with plans to reopen it, but scrapped those plans in 2009.

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