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Former Hynix plant sold in $6.3 million deal

Ohio-based Stratacache, a maker of high-tech digital signs, purchased the factory, according to people familiar with the deal.

Posted: Apr 1, 2020 11:09 AM
Updated: Apr 1, 2020 11:20 AM

EUGENE, Ore. -- The former Hynix plant in Eugene has a new owner. Ohio-based Stratacache, a maker of high-tech digital signs, purchased the factory and the 198-acres of land it sits on for $6.3 million last week, according to people familiar with the deal. 

The factory has seen several businesses come and go since it was first built in 1998. The facility is located near the western end of 18th Avenue and was built in 1998 by the Hyundai Corporation. It operated as a chip maker for 10 years.

Matt Sayre, managing director with Onward Eugene, said Stratacache bought the plant shortly before it was scheduled to go to auction. 

"Onward Eugene is pleased that the new owners are envisioning their future uses of the property," Sayre said in an email. "We’re hopeful that future advanced manufacturing uses of the Technology Center can create new jobs in Eugene, tapping into the very talented and educated local workforce."

Stratacache did not return our request for comment as of Wednesday afternoon.

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