ROANOKE, Va. (Feb. 9)—RBX Industries Inc. will close three of its six U.S. plants in April and exit the compounding business.
The company will shut plants in Bedford, Va.; Tallapoosa, Ga.; and Colt, Ark., between April 2 and April 16, according to Harry Schickling, vice president of administration. About 250 workers at the three sites probably will be laid off, although some could transfer to other RBX factories, he said.
The decision to close the operations was based on continued financial losses at the facilities, driven by overcapacity in the rubber industry and continued weakness in the general manufacturing economy, the firm said in a prepared statement.
Schickling said several parties have shown an interest in the Colt and Tallapoosa facilities and equipment. The firm anticipates it will sell all three plants and machinery.