A western Missouri factory is a major success story amid a massive transfer of manufacturing jobs overseas.
Waterloo Industries has been operating in Sedalia since the 1970’s producing metal tool kits of all sizes. It’s the only U.S. based manufacturer of such products that are sold at retail outlets.
Operations were running smoothly last year when the company’s new owners considered an option which has become commonplace in recent years.
Waterloo’s Phil Frerking says the subject of moving production out of the country received serious attention shortly after longtime owner Fortune Brands sold the company to a group led by private equity firm AFI Partners in September 2015.
“We were in the process of deliberating whether the operations needed to move to Mexico, or the Mexico operations be moved to Missouri” said Frerking. “The decision was to come to Missouri with that. So we actually shut down a Mexico plant and moved that product to Sedalia, Missouri.”
Written by Jason Taylor
Full report at Missourinet News