Southworth sells Agawam plant for $1.9M; Turners Falls paper mill sold for $4M
Bankrupt Southworth Paper Co. is selling its Agawam plant for $1.88 million to investors from Adams. The city of Agawam has first claim on $140,000 it’s owed by Southworth. Papers field this week in U.S. Bankruptcy Court in Springfield detail the sale. Southworth needed court permission to transfer its assets after filing in September for federal bankruptcy protection. Southworth abruptly shut down its operations in August 2017, saying it could no longer get financing. The company, in business for 178 years, had 120 employees in Agawam, the Turners Falls section of Montague, and Seattle.