The building has been acquired by Better Baked Foods of North East.
According to the Erie County Industrial Development Authority, Better Baked Foods will now receive 10 million dollars in tax-exempt financing to update and expand into the facility.
The building has held many different food processing operations in the past.
Aurora Foods and Pinnacle Foods were the last owners of the building. They moved their operation to Tennessee months ago.
The move were told will not effect production or workforce at the North East and Westfield, New York plants.