Peerless Plant Closing, Laying Off Dozens Of Abilene Employees
Peerless Manufacturing has announced it is closing its plant in Abilene. The plant employs about 45 workers, and all of them are affected.
Ron McCrummen, the CFO of the company based in Dallas, said employees learned of the closing on Thursday.
He added that many of the workers have accepted transfers to the company's other plants, some of which are in Texas. Employees who did not accept transfers are being offered severance packages.
The plant will be closing in mid-summer of this year.
Peerless manufacturing makes separation and filtration equipment used in natural gas infrastructure, as well as the oil industry.
McCrummen said the closure is not due to a lack of demand. He said the company is expanding by building a plant in Denton.
Peerless Manufacturing already has four other plants in Texas and one in China. McCrummen said the Abilene closure allows the company to leverage its assets, expand and become more efficient.
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