If Fenner Precision cannot find a commercial buyer by year’s end, it will close its Kensington Avenue facility and 60 employees will be out of work, the company announced Tuesday.
The maker of motion control products and rollers notified employees earlier this week of its decision to close.
“We conducted a comprehensive review of the facility and its operations, and have made the difficult decision to proceed with closure,” said Ray Rutkowski, the company’s president/managing director, in an emailed news release.
Fenner PLC of Hull, England, is the parent company of Fenner Precision at 852 Kensington Ave. The parent company has been a manufacturer for more than 150 years and employs 3,700 globally, with 25 manufacturing plants on five continents.
The Buffalo operation was originally Winfield Industries, which Fenner bought in 2008 to gain Winfield’s expertise in polyurethane chemistries, open cast molding and business potential in digital printing. The company makes belts, tires and pulleys for use in consumer printers, office machines, ATM machines, power tools, home appliances, mail-handling machines and money-handling equipment.
A review into the viability of the Buffalo facility began a month ago.
“This is not a reflection on our employees in Buffalo, and we value the contributions they continue to make at this facility,” said Rick Schopinsky, business unit manager, in the news release. “This is a strategic decision that has nothing to do with their performance. We will be working with our employees to help them through this transition. We are committed to providing the necessary support through this transition.”
Without a buyer, the plant is slated to close Dec. 31. The closing process is expected to span months, and employees can continue working until the closing date, the news release said.