SPRINGDALE (KFSM) - Jobs at a Springdale tool plant will be lost when it consolidates with another plant and moves to South Carolina, according to a statement released Thursday by the Springdale Chamber of Commerce.
The Springdale location of APEX Tool Group will merge with a plant in Texas, with the new location being based in South Carolina, said Springdale Chamber of Commerce President Perry Webb.
“This plant has been a part of Springdale’s economy for more than 45 years, and we are saddened by this decision,” Webb said in a statement.
Layoffs at the plant will be held off until 2015. Mayor Doug Sprouse said he is saddened by the announcement, but confident Springdale’s economy will stay strong.
“Layoffs are never good news, but we are confident our strong local economy will continue to create quality jobs that can address the demand created by this announcement,” Sprouse said in a statement.
The decision was made by officials at APEX’s corporate headquarters in Sparks, Maryland, according to the Chamber of Commerce statement.