A group of investors has purchased a closed Venture Holdings Co. LLC plant in Kentucky with plans to re-establish production.
The group, Melleck LLC, of Hopkinsville, Ky., is contacting customers of Venture's former plastics-injection-molding site in Hopkinsville in an attempt to re-sign them.
"The facility had a good reputation, and we're trying to capitalize on that," said Melleck President Ken King in a telephone interview late last month with Plastics News, which, like Automotive News, is owned by Crain Communications Inc.
King and his partners bought the building and its equipment for an undisclosed price in early December from Cadence Innovation LLC, of Sterling Heights, Mich. Cadence Innovation is a successor company to the former Venture Holdings of Fraser, Mich.
The factory closed in early 2005. The bulk of the 160 workers who made bumper fascia and other reaction-injection-molded parts are ready to return to work once Melleck signs customers, King said. The 106,000-square-foot plant includes molding and painting operations.
He added: "This was a very respected, very profitable business, and we saw it as a great opportunity."