Posted on 02/04/2005 1:26:21 PM PST by Willie Green
ANDOVER, Ohio (AP) -- A plastics maker has notified the state that it plans to close three plants that employ about 600 people in Ohio and Pennsylvania unless someone buys the bankrupt company.
Andover, Ohio-based Buffalo Molded Plastics, which is doing business as Andover Industries, has filed notice with state officials in Ohio and Pennsylvania that the last day of work for employees would be March 31. Andover Industries filed for Chapter 11 bankruptcy protection in October.
If a buyer doesn't come through, two plants in Meadville, Pa., that employ 250 and another plant in Andover with 342 workers would close under the company's plan, President Nick Bogdanso said. A plant in Dayton and a sales office in Troy, Mich., were not included in the company's closure notice to the Ohio Department of Jobs and Family Services. The plants make plastic parts for the automobiles, appliances and snowmobiles.
(Excerpt) Read more at hosted.ap.org ...
ping
a competitor going out of business...I wonder who their main customer was?
For no particular reason, just a free association moment, whenever I hear the term.
This is a failed business. It is failing because???
Quality? Delivery problems? unable to work in current enviroment? failure to modernize? Rigid union?
No one will buy a failed business unless all of the above can be solved.
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