Peerless-Premier Appliance Co. announced that it may close its plant in Belleville, IL, U.S. and relocate all or part of its production to another location where operational costs would be far less.
Company President Alex Volansky informed the stove manufacturer's 250 employees in a letter dated Aug. 20, that, "Over the last several months, we have begun exploring a number of options that may be available to us as we move forward." Among the options stated in the letter was a possible relocation.
Peerless Enamel Products Co. merged in 1975 with Premier Stove Co., after Peerless acquired all of Premier's capital stock, which operated as a wholly owned subsidiary of Peerless until 1982, when the two companies became the Peerless-Premier Appliance Co.
Following a fire in August 1997 that broke out in the plant's enameling department, company officials considered closing the plant, but it eventually reopened. Belleville city officials said they would do everything possible to keep the plant from leaving the city. (Belleville.com)
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