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Auto Supplier Can't Find Buyer for Plant

NILES, IL-Metaldyne has announced it will close its 130,000-square-foot plant in March, after putting the property on the market in July and having yet to see interest.

By Cari Brokamp | Updated on November 24, 2008

NILES, IL-Auto industry supplier Metaldyne has revealed a plan to close its 130,000-square-foot plant at 6119 W. Howard St. in March. The aluminum die casting operation plant employs 188. The employees, facing layoff, produce valve bodies, clutch housing, and stators for customers including Ford, General Motors and DaimlerChrysler.

The company put the property on the market in July and has yet to find a taker. Plymouth, MI-based Metaldyne is a wholly-owned subsidiary of Asahi Tec of Japan. “After several months we were not able to find a buyer for the Niles plant and given the lower industry volumes we now need to accelerate the closure of the operation,” says Thomas Amato, Metaldyne chairman and CEO and co-CEO of Asahi Tec, in a statement. “This action is in line with our product and cost streamlining efforts.”

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