Rexam plc is closing another plastics packaging factory this time in Holden, Mass., a former Precise Technology Inc. plant that once gained fame as a single-customer operation that molded packaging trays for new Gillette razors.
Rexam, a London-based packaging giant, bought Precise Technology in 2005. About 73 people will lose their jobs when the Holden plant, part of Rexam's personal-care division, closes in December, the company said.
Greg Brooke, spokesman for Rexam Americas, said the company does not specify customers. He did confirm the Holden plant makes shaving trays and actuators the dispensing buttons on top of shaving creams but he said the factory molds other products as well.
Brooke said Rexam does not give details about machinery at its plants.
Rexam's other plants will absorb the production of the Holden operation. Laid-off employees will get severance packages and outplacement help.
Holden marks the third announced Rexam plastics plant closing this year. The others are in Hamlet, N.C., and Beach, Fla.
Graham Chipchase, group director of plastics packaging, said closing the plants improves the capacity utilization rate at Rexam's existing factories. Rexam's global plastics business operates more than 45 plants and employs about 15,000 around the world.
Precise Technology opened the Holden factory in 1997. At the time, officials said it was solely dedicated to Gillette Co. during development of Gillette's Mach 3 shavers. The highly automated plant was molding an insert tray and then sputter-coating the package in-line, giving it a chromelike finish. Gillette also gave the Holden operation molding work for its new women's razor, the Venus.
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