The iconic former paper mill in Canton has officially been acquired by Spirtas Worldwide, the company announced Jan. 10, indicating the end of a legal battle over the sale and a new future for the historic mill. The company said the massive 185-acre property will be turned into a mixed industrial, commercial and residential site.
Spirtas Worldwide and Two Banks Development announced the sale in a Jan. 10 news release, noting that the company has been “diligently working over the past seven months to formalize and complete this complex transaction.”
The company had been sued in October after Tropical Storm Helene hit Western North Carolina on Sept. 27, limiting the buyer’s ability to have insurance underwriters visit damages on the site along the Pigeon River in Haywood County…