After informing the state in September of the attainable closure of its flagship Oak Creek location, Superior Die Set Corp. is shifting ahead with the sale of its facility positioned at 900 W. Drexel Ave. The corporate’s two Proplastica services in Poland will stay operational.
In a press release, Frank Janiszewski, Superior Die Set co-chair, defined a pending sale of the corporate’s Oak Creek facility “fell aside” earlier this month.
“We’ve got refinanced our debt and can conduct an public sale with the PPL group (public sale firm throughout) the early a part of subsequent yr. We at the moment have the actual property on the market with Paradigm as our dealer,” in keeping with the assertion.
Superior Die Set has signed a letter of intent with a soon-to-be-announced native firm to amass its element enterprise.
The Oak Creek facility’s remaining full day of operations will likely be Monday, Nov. 20. Roughly 133 workers will lose their jobs, in keeping with a September WARN discover.
Superior Die Set has been in enterprise for 100 years and was based in 1923. The corporate is a fourth-generation, family-owned producer of metal and aluminum merchandise. Superior Die Set employs 400 folks globally.
Janiszewski beforehand said the corporate intends to “preserve and develop” its Polish operations.
