General Mills, Minneapolis, sold its New Albany, Ind., dough products manufacturing plant to a joint venture of New Mill Capital Holdings and Tiger Capital Group, both based in New York. The transaction, which included a large portion of the production equipment that was used in the plant, closed on Nov. 14 for an undisclosed price.

The new owners intend to auction the remaining equipment in early 2017, and re-market the real estate for other food or non-food manufacturing uses.