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Potato chip plant on block

Court orders Cook Road factory sold; reason unclear

A Fort Wayne potato chip factory is on the auction block.

Indianapolis-based Key Auctioneers is promoting its Oct. 31 auction of the former Olde York Potato Chips building at 918 W. Cook Road. Various pieces of equipment are also up for sale.

The 36,671-square-foot plant was built in 1988 and has an appraised value of $680,000. The lot is zoned for general industrial use.

The sellers are requiring a $10,000 down payment on the day of the sale and closing within 30 days.

The equipment up for auction includes an air compressor, a forklift, a drill press and some 53-foot trailers.

The auction was court-ordered, according to the listing. But it’s unclear when or why the operation closed. A official in Canada with Olde York didn’t return a call requesting more information.

The potato chip-maker began production at 918 W. Cook Road in 2004 and employed about 90 in 2010. The Journal Gazette interviewed Peter Margie, co-owner of Olde York, in July 2010. That’s when he announced plans to invest more than $4.9 million in equipment to produce snacks under the name Saratoga Potato Chips LLC in space leased at 6923 Lincoln Parkway, west of Fort Wayne.

The plan called for making potato chips, kettle chips and popcorn under various store brand names and creating up to 175 jobs by 2013.

That location still had the Saratoga name on a sign out front late Thursday afternoon. And more than 50 vehicles were in the employee parking lot.

The two potato chip companies, Margie said in 2010, were unrelated.

The property up for sale at 918 W. Cook Road will be available for inspection Oct. 22, according to the sales listing.