SOLON -- L'Oreal has signed the agreement for the sale of its facility here.
L'Oréal USA has entered into an agreement to sell its 323,000-square-foot manufacturing facility on Carter Street to Cosmax, Inc., a Korean cosmetics contract manufacturer.
The selling price has not been disclosed.
The sale will be finalized by the end of 2013 and L'Oréal USA will end its operations there by mid-year 2014.
In January 2012, L'Oréal USA announced the relocation of the majority of production and equipment in the Solon plant to the company's Florence, KY facility.
That transfer began in April this year