Stoneridge, which makes electronic components for the commercial vehicle industry, said it plans to consolidate its manufacturing operations and close its Canton MA facility by the end of 2019.
The company said the plant closure is part of an initiative to realign its operations and engineering footprint and position itself for future growth.
“This has been a difficult decision that has been made after extensive consideration and a thorough assessment of our business and operations,” said Tony Moore, Stoneridge’s vice president of operations. “We are a proud, long-standing member of the Canton business community and we are committed to helping employees transition to new work. Our focus will be on supporting our affected team members through this transition and ensuring we continue to provide world-class support to our customers.”
The Canton site manufactures a variety of products, including sensors, actuators, switches and other components for automotive and commercial vehicle applications. As part of the decision to close the facility, the company is reviewing strategic alternatives for certain non-core products. Over the next few months, Stoneridge says it will begin to consolidate operations and engineering capabilities to other existing site locations.
The company maintains it will continue “delivering high-quality products to its customers, both during and after the transition.”
“We continue to evolve and position ourselves to meet and exceed the expanding needs of our global customers,” said Bob Willig, Stoneridge’s president of control devices division. “We are positioning our resources to drive value for our customers, shareholders and employees by focusing on system-based solutions, global engineering capabilities and an efficient, global manufacturing footprint.”