Lake Eyelet Manufacturing Co Inc. shuttered its facility June 23, ending a business that had operated for 60 years.
During its heyday in the early 1990s, the Southington, Conn., cosmetic packaging company had 100 full-time workers and another 50 temporary employees. At one time, the company ran 26 injection molding machines.
``Our lipstick business - the bulk of what we did for 50 of our 60 years - dried up in the late 1990s. We attempted to diversify into caps and closures,'' President Glenn Daniels said in a June 23 telephone interview.
``There's just not enough business to keep us going,'' he added.
The company was down to 30 employees in April when it began its last round of layoffs, he said. It had seven left on June 23, but only a few administrative people will stay on to wrap up operations.
The firm has been selling its machinery, Daniels said, and the few remaining presses, along with auxiliary equipment, will be auctioned or sold to a scrap company. Lake Eyelet's 38,500-square-foot main building and 4,000-square-foot warehouse, are for sale.
Daniels said that the firm faded as the lipstick packaging business moved overseas to China.
``The industry was once pretty unique to the Naugatuck Valley in Connecticut,'' Daniels said.
A local competitor, Rexam Cosmetic Packaging Inc. in Torrington, closed earlier this year.
Lake Eyelet's last 30 employees are eligible for federal help because of the lost business to China, he said.