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Ohio-based company closing 150-worker Indiana plant

2015-07-24 16:57:38| Industrial Machines - Topix.net

The company says it will transfer the New Haven factory's working making cooling system components to plants in Tennessee and Missouri. New Haven economic development director Brian Yoh tells The Journal Gazette he was frustrated that the company didn't discuss its closing decision with city officials before notifying them by email Wednesday.

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Loblaw closing 52 unprofitable stores over next 12 months

2015-07-23 14:29:07| Grocery - Topix.net

Loblaw Companies Ltd. says it will close 52 unprofitable stores over the next 12 months, the company revealed Thursday. Loblaw Companies Ltd. plans to close 52 unprofitable stores in Canada over the next year, it says in its second-quarter earnings release.

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General Mills closing West Chicago plant

2015-07-16 16:21:55| Food - Topix.net

General Mills officials told workers Thursday it planned to shutter its West Chicago manufacturing facility in the summer of 2017, affecting 500 employees including about 300 union workers. The plant produces three major lines for the Minneapolis-based company, including Bugles snacks, General Mills cereals such as Cinnamon Toast Crunch and Hamburger Helper products.

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A. Schulman: Substantial Risk Only One Month After Closing $800 Million Deal

2015-07-10 20:45:03| Chemicals - Topix.net

Disappointing Fiscal Q3 results and lower guidance are only the beginning; we expect more challenges ahead particularly related to Citadel acquisition and the highly-leveraged balance sheet. A. Schulman paid $800 million for Citadel Plastics and the transaction is expected to close in the current fiscal year; management expects $25 million in synergies from the deal.

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