Blue Water closing?
The Times Herald in Port Huron, Mich., is reporting that Blue Water Automotive Systems Inc. will likely shut down in less than 90 days, after creditors objected to a purchase of the company by Flex-N-Gate Corp. Blue Water is based in Marysville, Mich., and has plants in St. Clair, Port Huron, Caro and Howell, Mich., plus Burlington, N.C.; Leominster, Mass., and Mexico City. The company had filed for Chapter 11 protection from creditors in February, citing major problems in the auto industry and rising resin prices.
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