VOL. 128 | NO. 195 | Monday, October 07, 2013
Olive Branch Factory to Close, Laying Off 100
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.
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