Oak-Mitsui will close local plant
The company announced by press release Friday it would close its aluminum bonded copper manufacturing operation at 1 Mechanic St.
That news coincides with Oak-Mitsui's announcement that CAC, Inc., of Lake Forest, Cal., has acquired its assets and brand to make aluminum bonded copper (ABC).
All employees were notified during a group meeting on Thursday, Valerie Risinger, human resources manager, said in a news release.
Production is scheduled to end by January 2, 2018.
Oak-Mitsui last closed a local plant in 2014. About 30 workers' jobs were eliminated when the company closed its facility at 80 First St. The company in 2005 had reopened a copper foil research and development facility in part of that plant, which had sat idle for four years. The shuttering of the First Street plant eliminated 94 jobs.
The company began in 1973 when Oak Industries purchased the Noble and Wood plant. It joined with Mitsui Mining and Smelting of Japan in 1976 and became Oak-Mitsui, Inc. Oak-Mitsui was one of the first U.S. production sites of copper foils for use in printed circuit boards when it began operations in Hoosick Falls in 1977.
Allied Signal, a predecessor company to Honeywell International, acquired a part of the Oak Materials group, including Oak-Mitsui, in 1986. Oak-Mitsui became a subsidiary of Mitsui Kinzoku in 2000, when it employed over 140 workers, according to Banner archives.
Reach staff writer Edward Damon at 802-447-7567, ext. 111 or @edamon_banner.
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