Pro Corp.-PMC is making plans to sell its building to a local developer and lease back the space Pro occupies.
According to a local official, the company has signed an agreement with Matthew McDonough, a Springfield, Mass., developer, and is having the building rezoned for multiuse.
Wayne Feiden, director of the Office of Planning and Development for Northampton, which includes Florence, said Northampton is working with the buyer.
He said such a plan can help companies cut capital costs and put more space to use. A similar rezoning of the Arts and Industry Building in the same part of town has turned an old, industrial-zoned building into a facility with about 40 tenants, according to Feiden.
A spokesman for PMC Group Inc. of Mount Laurel, N.J., the parent of Pro Corp.-PMC, declined comment.
PMC bought Pro Corp. for $5.2 million in October 1997. Pro, which employs about 90, has been called North America's oldest plastics injection molder, having been in operation since 1845. It was known as Pro-phy-lac-tic Brush Co. at its start and more recently as Summit Plastic Solutions Inc.