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Jun 28
2017

Former Fairfield Casting LLC Foundry Now Under New Ownership

Posted by: Joshua Laraby

Tagged in: Untagged 

June, 28th, 2017



Joshua Laraby, Executive Director

Fairfield Economic Development Association

605 South 23rd Street, Suite 102

Fairfield, Iowa 52556

 

 

FOR IMMEDIATE RELEASE

 

 

Former Fairfield Casting LLC Foundry Now Under New Ownership

 

FEDA received immediate notice late today that Fairfield Casting LLC was sold at auction to a new ownership group. Faircast, Inc, comprised of local investors, purchased certain assets of Fairfield Casting LLC on June 28th, 2017.

 

Due to the sale commencing just today, many details of the transaction are still being finalized and more information is expected to be known in the next few days. Though, information is still forthcoming, what we do know for sure is that the operations will remain in Fairfield and that the local investment group is passionate about the long-term success and sustainability of the foundry. 

 

“Based on what information we have thus far, I am very optimistic. Out of all the possible outcomes that could have come from the auction, I think this will be very positive for Fairfield overall. We look forward to providing more information as details come forward, including information about employment opportunities and dates of when production will begin with Faircast, Inc.,” says Joshua Laraby, Executive Director for FEDA.

 

Responding to the Needs of Displaced Workers from Fairfield Casting LLC

 

Learning that most of the foundry employees were laid off and displaced last week under the previous ownership, and prior to learning about who the new ownership would be, FEDA wanted to immediately respond and organize to get any displaced workers back to work in Fairfield. In response, FEDA began organizing and advertising for a manufacturing job fair set for July 6th in Fairfield.

“Almost all of the manufacturing companies in Fairfield have open positions and are currently hiring. There are immediate opportunities for folks to get back to work. Even though we are positive about the future of the foundry, FEDA has decided to continue forward with holding the job fair since advertising and organizing is underway,” Laraby says.

Employers with open positions are encouraged to contact FEDA to reserve a booth and community members who know of any displaced workers are encouraged to share the job fair information with them.

 

Fairfield Economic Development Association

Fairfield Manufacturing Job Fair

Where: Fairfield Best Western, 2200 West Burlington Ave. in Fairfield

When: July 6th, 3p.m. to 6 p.m. employers are able to arrive as early at 2 p.m to set up a booth

 

Contact Information: Joshua Laraby, Executive Director for FEDA This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 641.472.3436

 

Again, FEDA is thrilled with the news that the foundry operations will remain in Fairfield and we look forward to more information coming forward.

 

 

 

 

 

 

 

 


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