Auction set for Proper Tooling assets
Assets from the shuttered Proper Tooling LLC are set to be sold in auction later this month.
Source: plasticsnews.com
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Market pressures create challenges for toolmakers as some close their doors
Tooling suppliers "spend most of their time chasing money," said Laurie Harbour, president and CEO of Harbour Results Inc.
Source: plasticsnews.com
Proper Tooling to close Warren plant, lay off 130 workers
Proper Group Holdings LLC is planning to close its plastic tooling and molding plant in Warren and lay off 130 workers due to financial hardship and a private equity takeover that went sideways.Proper Tooling will close its manufacturing plant at 13870 E. 11 Mile Road by March 31 after a series of…
Source: crainsdetroit.com
Proper Tooling to close Warren plant, lay off 130 workers
Proper Tooling will close its manufacturing plant in Warren, Mich., by March 31 unless it can find an investor or buyer to rescue it, said Robert Hamood, president of Proper Tooling, a division of Proper Group.
Source: plasticsnews.com