Cavalier's yarn spinning plant at Castlecliff has attracted interest from potential buyers.
The plant, with buildings in Leamington St and Beaumaris Ave, is included in the company's national property portfolio along with properties in Napier and Auckland. The properties went on the market as a sale and leaseback offering with the aim of generating capital for the carpet manufacturer's "wool and natural fibre only" strategy. Cavalier Bremworth has committed to long-term leases under new ownership.
Chief executive Paul Alston said this week the sale process remained on track and there had been interest in all three industrial sites.
Offers for each property would be considered separately by the board, rather than as one portfolio, and shareholder approval will be needed for any sale process, Alston said.
In June, he told the Whanganui Chronicle that the Whanganui plant "is a real part of our future", with the felted wool plant an important part of the company's operations and that there were no plans to reduce staff numbers.