AUBURN — The Indiana parent company of the former Riley Medical Inc. plans to close the local medical device plant and move work to its other facilties by mid-2010, according to a press release that announced “facility consolidation and other staff reductions.”
Symmetry Medical bought Riley in May 2006 for $45 million, according to SEC filings. Riley has a 33,500-square foot facility on Wrights Landing in Auburn. When it was bought, the company held 23 patents and had a Swiss subsidiary. That subsidiary was disolved into Symmetry’s French operations last year, according to another filing.
The Auburn plant makes hospital products such as sterlizers and surgical instrument cases.
Corporate spokesman Jason Rando said Monday the company isn’t sharing details like the number of employees at the plant.
In its release, Symmetry said it would be moving out the equipment and machinery and ultimately save $3.4 million a year by reassigning the work to other plants.
Auburn Economic Development Director Roland Miller said Monday he would be talking with company leadership.
“I am working with them, it’s premature to comment,” Miller said. “This is very fluid, there’s a lot of working parts.”
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