A large plant in Slater will soon have a new owner. That’s according to the Slater City Council during their meeting Tuesday night.

The announcement was made by Mayor Stephen Allegri who said the GE plant is being bought by CLARCOR, which manufactures various packaging and filtration products.

CLARCOR is based in Tennessee and expressed interest in opening a facility in Missouri.

Mayor Allegri says the deal should be finalized by the end of the year.