PAYSON, Utah (AP) -- One of Payson's largest private employers has announced it will close its factory and lay off all 125 workers.
Dave Baldridge, spokesman for Knaack Manufacturing Co., cited slumping market conditions.
The factory, which opened in 1997, produces job-site and industrial storage equipment.
He said manufacturing will be phased out over a six-month period and the work will be transferred to Knaack's facility in Crystal Lake, Ill.
"This difficult decision will allow Knaack to focus resources and business investments on a single facility," he said.
Mayor Bernell Evans said, "I thought they were going to start a third phase and was quite taken aback when they said they would close down. They said it was because of the location, that their delivery expenses were too great."
The city has offered to help Knaack sell its Payson property.
(Copyright 2003 by The Associated Press. All Rights Reserved.)