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Baltimore Aircoil Company announces intention to close Paxton, IL plant

Baltimore Aircoil Company announces intention to close Paxton, IL plant

Baltimore Aircoil Company announced its intention to close its Paxton, IL facility. Productivity improvements coupled with planned investments in the Madera, CA and Milford, DE facilities enables the consolidation of manufacturing operations in North America.

Steve Duerwachter, President, Baltimore Aircoil Company, said, “This is a difficult decision. We realize that it is very disappointing news for our employees working at the Paxton facility.” He added, “The consolidation of manufacturing into the two remaining North American plants is necessary for Baltimore Aircoil Company to remain competitive in the challenging economy in which we operate today.”

Baltimore Aircoil Company made the announcement to its employees today and anticipates that initial reductions in production at the Paxton facility will begin May 2009, with the closure by late June 2009. Baltimore Aircoil Company is providing displaced employees with severance pay, medical benefits, outplacement counseling, and assistance with tuition related to technical and skills training.