FREWSBURG - According to the state Labor Department, Keywell LLC will be closing at least one of its two area plants.
On Friday, the worker adjustment and retraining notification for Keywell was posted on the state Labor Department's website. The notification states the 300 Falconer St., Frewsburg, location will be closing on Oct. 24. Employee layoffs will occur between Friday and Sept. 19 and Oct. 11 and Oct. 24. A total of 49 employees will be affected. The notification lists the economy as the reason for the plant to close.
The notification also states Keywell's other Falconer location, 1873 Lyndon Blvd., will be affected. It states 83 employees are located at this facility. However, the notification doesn't state whether this location will be closing too.
A call to Keywell officials was not returned Friday.
Keywell is an aerospace metals and specialty steel recycling business. In 1987, Keywell purchased the business of Vac Air Alloys Corporation, a supplier of high-temperature alloys and stainless steel scrap processor. The purchase included two domestic processing facilities located in Frewsburg and West Mifflin, Pa. Keywell is headquartered in Chicago, Ill.
According to reports earlier this month, Keywell signed a memorandum of understanding with an unidentified investor to sell a substantial portion of the stainless and specialty steel scrap processing company. It was also reported Keywell will be closing a California site as well.