SALISBURY— With a winning bid of $940,000, Newburyport-headquartered ENPRO Services Inc. scooped up the former Fraser Automotive property on Bridge Road at yesterday's bank foreclosure auction.
The auction, which included the 3.75-acre lot and 17,000-square-foot building with a combined value of about $1.8 million, was the second at the site since last July.
The property was forced back on the auction block after Stephen LaRoche, the winning bidder in July, couldn't pull together the financing to finalize the $975,000 purchase from Provident Bank, the mortgage holder, according to John McInnis, of John McInnis Auctioneers in Amesbury.
An ENPRO executive said although the company didn't take part in July's auction, it has been interested in the site.
Chief Operating Officer David Cowie said he and Chief Executive Officer Bruce Irving believe the property is valuable and well worth the bid price. He added that the site has been maintained well.
"You couldn't build that building today for that amount," Cowie said. "We've always had our eye on that place. It's a very nice property."
Founded in 1983, ENPRO is headquartered on Mulliken Way in Newburyport's business park. The environmental services company, which employs about 100, specializes in the remediation and cleanup of oil and other hazardous materials. It also has a vehicle maintenance facility on Route 1 in Newburyport. The company also has offices throughout New England: two in the Portland, Maine, area; two in Vermont and one in Pembroke, near Concord, N.H.
ENPRO handled last year's cleanup of more than four million sewer treatment disks that flooded out of a treatment plant in Hooksett, N.H., and into the Merrimack River. The disks made their way down the Merrimack and onto beaches all along the New England coast, from Maine to Martha's Vineyard. The bulk of the disks, however, were removed from local beaches in Seabrook, Salisbury and Plum Island.