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Friday, 23 July 2021 17:24

Auto Body Shop to Fix Up Former Foundry

Written by Reggie Ellis, The Sun-Gazette

Index

...the company’s plants in other less environmentally restrictive and expensive states.

 

The cost saving measure ended up costing the company more money in delays and decreased production. The company went deep into debt---$19 million---to try to make up for lost production and orders, but eventually ended up downsizing at its headquarters on Spruce Road just south of Exeter. About 180 employees were laid off Feb. 6, 2004, as the company filed for Chapter 11 bankruptcy.

 

The property was purchased by Bill Sario, CEO of Exeter-based Rising Sun Construction Company, in 2006. There has been no movement on the property since that time but it remains a viable industrial property with rail access, along Exeter’s truck route and still encompasses an entire city block on G Street between Cedar Street and Firebaugh Avenue.

 

We thank The Sun-Gazette for reprint permission.

 

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