Company hopes to make the Georgetown steel mill great again

The Arcelor-Mittal steel mill in Georgetown sits closed.

There's a deal in the works in Georgetown and if it goes through as planned, the steel mill will be sold to company hoping to again make the plant "competitive, profitable and sustainable."

The agreement between Liberty House and ArcelorMittal to buy Georgetown Steelworks follows several months of discussion and even talks with the United Steelworkers union. According to a new released provided by the two companies Friday, the union will support and assist in the process of recruiting a workforce to re-open the plant.

The battle over what to do with the old steel mill site in Georgetown has divided the community there. Some in the community had previously suggested converting it to an outdoor entertainment area. The mill has been there since the 1960s, and it's closed and reopened several times before it closed in August 2015.

News of the deal to make the plant operational again comes days before a recommendation on rezoning the property was to be shared.

RELATED: Struggling economy has folks in Georgetown fired up about old steel mill property

"This is a landmark day for Georgetown and its residents, particularly families with a previous take in the steel industry who will now get a chance to rediscover what was lost," Sanjeev Gupta, executive chairman of Liberty House said. "Our agreement in principle with ArcelorMittal opens the door to the eventual restoration of several hundred jobs, both directly and in the supply chain, and it gives this region's economy a new industrial focus."

The 600,000 sq. foot Georgetown plant occupies 60 acres along the Sampit River. In the past, when fully operational, the plan employed more than 320 workers.

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