Freudenberg-NOK closing Spencer plant

Associated Press - October 14, 2009 9:14 PM ET

SPENCER, Iowa (AP) - The city of Spencer is losing a key manufacturer.

Freudenberg-NOK announced Wednesday that it is going to transfer all operations at its Spencer plant to facilities in Troy and Milan, Ohio.

Freudenberg-NOK Vice President Sarah O'Hare said decision was due mostly to a sharp decline in automobile production.

O'Hare said the Spencer plant currently employs approximately 65 people, some of whom will be offered a chance to relocate to the Ohio facilities.

O'Hare says she expects the closure to be complete in approximately 6 months.

Freudenberg-NOK manufactures precision products for a number of different industries. Its Spencer plant has been in operation since 2000.

Information from: KICD-AM, http://www.kicdam.com