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Douglas to Sell Automotive Battery Division
Douglas Battery Manufacturing Co. of Winston-Salem
North Carolina, has agreed to sell its automotive
battery division to East Penn Manufacturing Co.
of Lyon Station, Pennsylvania.
The companies, both privately held, did not say
how many jobs would be eliminated nor provide
specific details of the deal but did say that
some Douglas sales personnel would be offered
jobs with East Penn.
Gayle Anderson, president of the Greater Winston-Salem
Chamber of Commerce, said in January she had no
further details on the job impact of the decision
other than the companies likely would need several
months to complete the transition and meet customer
orders.
There had been speculation about the fate of the
automotive division since Douglas said on November
5 that it could cut as many as 350 jobs in Winston-Salem
in 2005 as part of a restructuring of its struggling
automotive division. The company said it would
scale back that business and pur more resources
into its industrial battery division, which has
been growing.
This transition is consistent with the restructuring
Douglas Battery announced in November and our
strategic focus of our industrial division,
said President Charles Douglas. The terms
of the agreement provide for the transition to
be carried out with flexibility and patience.
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