WAUSAUKEE, WIS. (June 29, 5:05 p.m. ET) — As the first step in its consolidation plan, Wausaukee Composites Inc. is planning to shutter its Gillett, Wis., facility and move the work and about 40 jobs to its two other Wisconsin facilities by the end of the summer.
“All four of our facilities have lower utilization, so we wanted to consolidate and then put together a growth plan,” said Chief Operating Officer and Chief Financial Officer Joseph McKindles, in a telephone interview.
The company has filed a notice with state officials about the planned closure and has told employees of the plan to close the plant, which will take place by Aug. 31. The closing affects 47 workers, but McKindles said transferring the work to other plants will create about 40 positions. Gillett workers have been given postings about the new jobs. Many will have the option of working in the other plants, he said.
Work will move to the company's Wausaukee and Cuba City, Wis., plants. The company also has a facility in Owosso, Mich.
Wausaukee Composites makes fiberglass-reinforced plastic components for original equipment manufacturers.
McKindles said the company considered other options, but decided to close Gillett partly because it has no room to grow.
Cuba City, which has been hurt by the drop in wind energy orders, is a newer plant, is nearer some key customers, and can be expanded. Wausaukee also has room to add capacity.
He said that sales have been flat and the company is looking for new markets with the decline of the wind energy business. The company also makes parts for the construction, agriculture, transportation, recreation and medical industries.
“We really hate to lose them [the Gillett workers]. They are good, trained employees and we are having the development workforce to come in and meet with the employees so they understand their options,” he said.
Wausaukee is a subsidiary of Sintex Industries Ltd, of Kalol, India.