Plasticware LLC, a New York-based company that produces plastic deli containers, has acquired the former Alcoa Reynolds food packaging facility in Mount Vernon. Alcoa announced earlier this year that it would close the plant, which employed 115, as part of a company restructuring plan.
Plasticware has retained 79 former Alcoa employees and anticipates rehiring as many as 112. The company also expects to eventually add up to 28 new employees.
“We know the key to success is the Mount Vernon plant’s 25 years of experience, its management team and its devoted employees,” said Jacob Deutsch, executive vice president of Plasticware.
Corey Craig, president of the Rockcastle County Industrial Development Authority, said the community has been working diligently to be more progressive in retaining and creating jobs.
“We felt as though it was critical that leadership from our community, the state and other regional organizations come together to ensure we could keep this manufacturing facility from becoming another empty building,” Craig said.
Plasticware produces a full range of deli containers, many with custom shapes, sizes, styles and printing. Plans for the facility at Mount Vernon include the purchase of additional equipment in order to market its products throughout the continental United States under the names Del-Ware and MVP Food Packaging.
The Kentucky Economic Development Finance Authority has granted preliminary approval to Plasticware, LLC for tax benefits up to $3.8 million under the Kentucky Industrial Development Act.