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VOL. 128 | NO. 195 | Monday, October 07, 2013

Olive Branch Factory to Close, Laying Off 100

AP

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OLIVE BRANCH, Miss. (AP) Closure Systems International Inc. will shutter its Olive Branch factory in December, laying off 100 people.

Human Resources Director Jeanette Vaughn said Monday the factory will close Dec. 9.

Officials at the DeSoto County plant are referring further comment to the company's headquarters near Indianapolis, which is not immediately responding.

The company makes bottle tops at the plant, which has operated since 1985. It had about 150 employees in 2007.

The factory was initially opened by Alcoa Inc., but that company sold the unit in 2008 to New Zealand's Rank Group for $2.7 billion.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 416 6,521
MORTGAGES 93 452 7,754
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 787 14,096
BANKRUPTCIES 0 235 4,809
BUSINESS LICENSES 30 154 2,494
UTILITY CONNECTIONS 0 222 5,118
MARRIAGE LICENSES 23 105 1,565

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