Ashland Hardware to Close Lowell, Ind., FacilityAugust 27th, 2012 by DWM Magazine
Ashland Hardware will close its facility in Lowell, Ind., and transfer work to its existing facilities in the United States and Mexico by the end of the first quarter of 2013.
According to the letter sent to suppliers by Nick A. Morrisroe, vice president/general manager, “following a careful and thorough review of our business, we have made the decision to reorganize Ashland Hardware to more closely match capacity with consumer demand and centralize core capabilities into centers of excellence.”
The company also issued a press release today and confirmed that all manufacturing will be consolidated into the company’s Monterrey, Mexico facility and all distribution into Ashland’s facility in Freeport, Ill. “In conjunction with these changes, some professional positions will be transitioned to Ashland’s headquarters in Huntersville, N.C., uniting management functions in one location. This initiative will be phased in throughout the next several months in order to provide a smooth transition, and Ashland is committed to working closely with customers to maintain quality and service levels,” said the release.
The letter sent to suppliers further states, “This was a difficult decision, but is a necessary step to ensure we compete effectively in an uncertain global economic environment, while continuing to offer high-quality products.”
Over the coming weeks, Ashland will be in touch with suppliers to discuss changes resulting from this transition.