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Thorco Industries to Close Lamar, Mo. Plant - KOAM TV 7

Thorco Industries to Close Lamar, Mo. Plant

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LAMAR, MISSOURI -

Thorco Industries LLC today announced that it will permanently close its Lamar, Mo., store fixture factory in 2016.

Thorco General Manager Debra Probert said retail industry changes including the growth of e-commerce and the opening of fewer brick-and-mortar stores have resulted in a continued decline in demand for store fixtures such as the wire-based merchandising displays and accessories produced by Thorco. The company will fulfill all customer commitments as it gradually winds down production and distribution operations over the coming months, she said.

The Lamar plant employs fewer than 100 people, with whom Probert met today to announce a series of workforce reductions expected to begin this spring. “We regret the necessity of this action and its impact on Thorco’s many dedicated longtime associates, their families, and the community,” she said.

The company will work with the Missouri Division of Workforce Development to help affected employees make the transition to new employment.

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