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Added: Davarius Parsley - Date: Please purchase a subscription to read our premium content. Click isupportlocal for more information on supporting our local journalists. CEREDO -- The new owner of the American National Rubber manufacturing plant in Ceredo is ramping up production again and hiring workers, just days after the plant was forced to close because of a bank foreclosure. That was the same day that the owners told ANR workers the plant was closing and they would lose their jobs. The one, Kinney said, had a of flaws that he believes resulted in the business closing down. Kinney said Kevin Holderby, the new vice president of operations for ANR, already has begun hiring to fill the vacant positions.
ANR manufactures closed cell sponge rubber. Its customer base includes the aerospace, lighting, automotive, electrical, construction, sporting goods and appliance industries, according to the group's Web site. Kinney said his company acquires under-performing lower middle market manufacturing companies and strives to make them profitable. Production at ANR is on a small scale now, but Kinney said he expected it to increase by the end of the week.
Kinney said the company had high expenses, was in debt and was out of touch with the competitiveness of the workforce. Kinney made the distinction between the workers losing their jobs and his purchase of the failing business. Ceredo Mayor Mose Napier said he's glad to see the plant back in operation and hopes the new owners are fair to the employees who lost their jobs on Friday. Kinney said some plant employees who lost their jobs last week are back at work, but he declined to say whether the new management is seeking to hire all the former employees.
He said it won't be known for a few weeks yet how many people the plant will employ. Former employees have said the new advertised salary is less than what they were making before the acquisition. Without the purchase, Kinney said the bank would have taken control of the plant and auctioned off the property.
Kinney said he is determined to have his company become a vital part of the Ceredo community by offering jobs and providing a steady workforce. Kinney said he has tried to contact the Ceredo mayor to determine what the company can do to help the community. Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language. Don't Threaten. Threats of harming another person will not be tolerated.
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