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VOL. 128 | NO. 195 | Monday, October 7, 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 This material may not be published, broadcast, rewritten or redistributed.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 128 128 17,998
MORTGAGES 155 155 20,990
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 149 149 36,765
BANKRUPTCIES 60 60 11,985
BUSINESS LICENSES 19 19 5,696
UTILITY CONNECTIONS 49 49 12,297
MARRIAGE LICENSES 40 40 4,518

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