JACKSONVILLE, TEXAS (Jan. 27, 12:20 p.m. ET) — Texas injection molding company Aonvoy Plastics will shut down, about a year after Aonvoy Industries Inc. bought the assets of Tally Ho Plastics Inc.
Aonvoy Industries CEO Raymond Grubbs told local media in Jacksonville, Texas, that the group would close by March 31, saying the firm could not generate enough business to remain open. Grubbs did not immediately respond to requests for comment.
Aonvoy Plastics currently has about 35 employees, down from 75 employees for Tally Ho in 2009.