Kaiapoi mill sold
The Kaiapoi woollen mill has been sold for an undisclosed sum by the receivers of Mosgiel, Ltd, to a group of Canterbury businessmen. The mill, with a floor space of 18,000 sq. m (200,000 sq. ft) on a 3.79 ha site (11 acres) has a Government valuation (1980) of $450,000, although its 1977 valuation was $688,000.
If the buyers wanted to set up any industry other than the woollen industry they would need to apply to the Kaiapoi Borough Council for a conditional use consent. The mill, bought by the Dunedin-based Mosgiel, Ltd. in 1972, employed 240 people before it was closed in 1978, when the 170 workers still employed were made redundant.
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Press, 12 November 1981, Page 4
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116Kaiapoi mill sold Press, 12 November 1981, Page 4
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