Custom injection molder UFE Inc. has reopened its plants in Osceola and El Paso, Texas, after an unplanned shutdown in late January.
The El Paso plant closed on Jan. 22 and reopened Jan. 26. The Osceola headquarters plant also closed for about a day, then reopened, according to Chief Operating Officer Dave Molter.
We missed a payroll and had to right that with employees before we could reopen, Molter said. Which we did everyone was paid in full.
All the workers returned, and El Paso which handles most of the company's molding is back to operating around-the-clock.
Molter blamed an unexpected interruption in outside financing, and he said customers and investors both stepped in to put cash in to right the labor issue.
UFE is owned by Catalina Precision Products Inc. of Canton, Mich., a maker of metal components for the automotive industry. Catalina bought UFE in 2008 to diversify its market base. UFE molds gears and other parts for a range of industries, including medical, consumer and automotive.
Molter said UFE's El Paso plant employs about 115.
Last year, UFE closed its former headquarters plant in Stillwater, Minn., and consolidated those operations in the leased Osceola plant.
Now UFE is in the process of consolidating two Dresser, Wis., plants into the Osceola plant. When that consolidation is finished, Osceola will employ about 105, Molter said.
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