The former Lenox China plant, vacant since the company ceased operations there in 2005, may finally have a new owner.

After many failed attempts to find a new business to occupy the 430,000 square-foot building on Tilton Road in Galloway, the Press of Atlantic City is reporting Railing Dynamics, Inc. has reached an agreement with the property's owner, investment firm BTR Tilton, LLC,  to consolidate their operations from their headquarters in Egg Harbor Township and a 90,000 square-foot factory in Millville.

RDI, which makes vinyl railings and accessories for do-it-yourselfers, was founded by Ocean City natives Chris Terrels and his late brother Andy.  The company, which is now owned by an Ohio company, employs about 80 people locally. A proposed expansion after buying the Lenox site could lead to as many as 300 additional jobs in South Jersey.

The 58 acre Lenox plant, where that company's famous china and ceramics were made for more than 50 years, has remained vacant for the last nine years, despite interest from companies such as Amazon and a failed auction attempt in 2011.

RDI estimates it would take $15 million in renovations to convert the Galloway site for their needs, funds the company hope to receive through capital improvement grants from the state.