Under the gun: Thompson/Center Arms Rochester plant to close.
The plant's 250 employees were told that the facility would be closed over a period of about nine months. Some may be offered the opportunity to move the company's Springfield operation.
Employees also were told the company was continuing to look for a buyer for the foundry at the Rochester facility.
According to its most recent annual report, the company owns three manufacturing facilities in its firearm division. Its principal facility is the 530,323-square-foot Springfield plant. It also owns a 38,115-square-foot plant in Houlton, Maine, and the 160,O00-square-foot plant in Rochester.
The Rochester facility is used primarily to produce hunting rifles, black powder firearms, interchangeable firearm systems and long gun barrels.
Smith & Wesson acquired Thompson/Center Arms Inc. in 2006 for $102 million.
--FOSTER'S DAILY DEMOCRAT
|Printer friendly Cite/link Email Feedback|
|Publication:||New Hampshire Business Review|
|Date:||Dec 17, 2010|
|Previous Article:||RGGI recap: carbon cap-and-trade price falls to minimum.|
|Next Article:||The survey says: BIA economic survey finds 'cautious optimism.|