ROANOKE, Va. -- RBX Industries Inc.,
a leading manufacturer and supplier of closed cell foam materials and
custom rubber compound, announced on Monday their intention to close three
of six North American manufacturing facilities between April 2 and April
16, 2004. Those operations effected are located in Bedford VA, Tallapoosa
GA, and Colt AR.
The decision to terminate those operations was directly related to continued
financial losses associated with those locations driven by overcapacity
in the rubber industry and continued weakness in the general manufacturing
RBX has had a significant presence in and very positive relationship with
these communities for many years. Company officials acknowledge and appreciate
the contributions of all employees and the support of the local communities
The closure of these plants will allow RBX to reduce overhead costs associated
with those facilities and focus on its core closed cell foam business
including rubber, plastic, and silicone materials sold under the Ensolite®,
Oletex® and Groendyk® brands. Those products are produced at manufacturing
locations in Conover NC, South, Holland IL, and Buchanan VA.
Source: RBX Industries Inc.