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Metal Company To Close Iowa Plant & Move To Mo.

Thu, 06/11/2009 - 6:12am

FORT MADISON, Iowa (AP) — Detroit Tool Metal Products says it's closing its plant in Fort Madison and consolidating operations at one central facility at its headquarters in Lebanon, Mo.

The company in a statement on Thursday says the Iowa plant would close by the end of the year in an effort to cut costs and become more competitive.

Spokesman Art Fiacco (fee-OCK'-oh) says the plant has 130 workers. He says some will get an offer to relocate, but the company doesn't yet know how many.

Detroit Tool Metal Products is a provider of metal stamping and fabrication appliance, construction, heavy equipment and other products.

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