Torstar Corp. to sell Vaughan, Ont. printing plant for $54.25M

Newspaper publisher shifted the plant's work to Transcontinental in July.

TORONTO — Torstar Corp. has signed a deal to sell the land and buildings that had housed its printing plant to an unidentified buyer for $54.25 million.

The newspaper publisher stopped the presses at the Vaughan, Ont., plant, north of Toronto, in July and shifted the work to Transcontinental.

Torstar says the deal to sell the property is subject to customary closing conditions and adjustments and expects to close the agreement late in the third quarter or early in the fourth quarter.

News from © Canadian Press Enterprises Inc. 2016

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