» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 195 | Monday, October 7, 2013

Olive Branch Factory to Close, Laying Off 100

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 10 70 1,928
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762
BUSINESS LICENSES 23 184 4,083
UTILITY CONNECTIONS 22 166 4,847
MARRIAGE LICENSES 16 81 2,625

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.