AMES TRUE TEMPER "SHOVEL PLANT" SOLD FOR $165 MILLION - Investment Company Closing Deal

(12/31/2001)

Several Calhoun residents, many long-time employees, are concerned about the sale of the Ames True Temper "Shovel Plant" in Parkersburg for $165 million to an investment company. While the new owners, with headquarters in Michigan, say the current product line of garden and lawn tools is a viable business, several Ames workers say a South American subsidiary is duplicating many of the products. The company denies any immediate cutbacks in the work force, but concerns continue to be raised by workers. An Ames employee told The Hur Herald "Sounds like the NAFTA train might stop at Parkersburg to carry the jobs south. But this is a good thing for America, they tell us."

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