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A Gorham manufacturing plant of Stanley Black & Decker Inc. will close in March, laying off 96 people.
Operations at the facility, which makes machining equipment for the New Britain, Conn.-based company, are being transferred to a plant in Jackson, Tenn., a spokeswoman confirmed to Mainebiz Monday.
Stanley Black & Decker (NYSE: SWK), which has over 60,000 employees worldwide, recently filed a notice of the closing and layoff with the state, as required by law.
Abigail Dreher, director of public affairs, said the closure is “part of an ongoing effort to streamline operations,” but did not provide details. The transition is now underway, with the plant to be closed in March, she said. Workers are being offered relocation opportunities and outplacement assistance.