"A custom label printer in Wilmington is permanently closing, adding to a growing list of Massachusetts manufacturers that have shut down or moved operations elsewhere as the state's manufacturing footprint continues to shrink."
"In a WARN notice on Friday, Smyth Companies announced that the manufacturing plant will "permanently close" beginning March 1, affecting 69 employees."
"Smyth Companies, headquartered in Eagan, Minnesota, produces a wide range of labels and flexible packaging and provides customized solutions for consumer products in the household, food, health and beauty, and automotive aftermarket sectors."
"SynSqor, a Boxborough-based power-conversion manufacturer, announced earlier this month that it is relocating its operations to New Hampshire early next year, resulting in the loss of hundreds of jobs."
A Smyth Companies manufacturing plant in Wilmington will permanently close beginning March 1, displacing 69 employees. Smyth Companies makes labels and flexible packaging and employs more than 500 people across eight locations in multiple states. The closure follows a change in private equity ownership last March from Novacap to Crestview, a New York-based firm. Several other Massachusetts manufacturers are relocating or closing operations, including SynSqor moving to New Hampshire and Analgoic Corp. relocating from Peabody to Salem, New Hampshire, illustrating continued contraction and out-migration of manufacturing activity in the state.
Read at Boston.com
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