Noble County Company Closing its Doors after 50 Ye...

Noble County Company Closing its Doors after 50 Years
Created by on 4/5/2013 5:54:38 AM


KENDALLVILLE, Ind. (AP) - A family-owned business in Noble County says it's closing its doors after being hard hit by the recession.

Hy-Matic Manufacturing Incorporated President Rick Borger said Thursday that his Kendallville company will close its doors next week when its last customer order is filled.
 
Borger says he couldn't afford to keep doors open after the company recently lost its two biggest customers.
 
Hy-Matic has been in business in Kendallville more than 50 years. It makes high-quality specialty parts from aluminum, brass and steel alloys for engine, transmission and hydraulic applications. Customers included the heavy equipment, automotive and agricultural industries.
 
Borger says several of his 10 employees already have new jobs lined up.


A northeastern Indiana family-owned business says it's closing its doors after being hard hit by the recession.
 
Hy-Matic Manufacturing Incorporated President Rick Borger said Thursday that his Kendallville company will close its doors next week when its last customer order is filled.
 
Borger says he couldn't afford to keep doors open after the company recently lost its two biggest customers.
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