LOPAREX At the time I left this plant belonged to UPM-Kymmene Group, a Finnish company based in Helsinki, Finland. Loparex purchased the Eden facility in 2001 as Rexam divested of their Coated Films and Papers sector and used that money to help purchase American National Can. When Rexam built the Eden, North Carolina facility in 1995 it was the newest and one of the more technologically advanced plants in the division. I moved to this plant in March, 1997 through contact with a friend I met at Avery Dennison. He was at this facility. I spent considerable time at the Eden facility optimizing and debugging the new equipment. This work included: My projects included: My activities included: UPM's purchase did not include the Bedford Park facility. Rexam had already mothballed the facility in 2000. After obtaining the company in 2001 Loparex closed the West Chicago facility and began downsizing the company. They were looking for every opportunity to reduce costs. The purchase was effective April 1, 2001 and immediately people began leaving from the corporate offices. I left the company as part of that downsizing on September 10, 2001. And probably at the right time. As that business seemed less core to UPM they divested of Loparex in a MBO deal support by a foreign bank. Most of the people I knew are no longer with the company. |
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