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The official contract has not been signed yet, but plans are in the works to sell Angell-Demmel, North America Corp., in Lebanon to American Trim located in Ohio.
The company that bought Angell in May of 2009, the Sellner Group based out of Germany, went bankrupt two years ago, according to Angell-Demmel President John Turner. Since then, the company has been for sale, and Turner expects the sale to be final soon, possibly even this week.
It’s uncertain how the sale could affect the local plant, but Turner doesn’t expect any sudden changes.
“I don’t think there is going to be any short-term changes for the next couple of years,” he said. “But, obviously any time a company is purchased they are going to look for ways to optimize processes and efficiencies. I could foresee down the road there could be changes, but I don’t want to speculate.”
Angell-Demmel is one of the leading suppliers of aluminum decorative interior and exterior trim for the automotive industry.
According to its web site, American Trim, located in Lima, Ohio, supplies decorative brand defining metal forms to many industries.