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Custom label manufacturer to close Massachusetts plant, lay off nearly 70 workers
The shutdown is part of a broader wave of manufacturing closures and relocations across the state this year.
A custom label printer in Wilmington is permanently closing, adding to a growing list of Massachusetts manufacturers that have shut down or moved operations elsewhere as the state’s manufacturing footprint continues to shrink.
In a WARN notice on Friday, Smyth Companies announced that the manufacturing plant will “permanently close” beginning March 1, affecting 69 employees.
Smyth Companies, headquartered in Eagan, Minnesota, produces a wide range of labels and flexible packaging and provides customized solutions for consumer products in the household, food, health and beauty, and automotive aftermarket sectors.
The company reports more than 500 employees across eight locations in Minnesota, Wisconsin, Virginia, Arizona, and Massachusetts.
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The announcement of the plant’s closure comes after Smyth Companies changed private equity hands last March, from Novacap to Crestview, a private equity firm based in New York, managing funds with about $10 billion of aggregate capital commitments.
The companies did not release the financial terms of the acquisition.
According to the company’s website, Henry Martin Smyth founded Smyth Printing in 1877 in the frontier town of St. Paul, Minnesota. It was initially established to support local businesses with their commercial printing needs and later focused on producing labels for consumer goods.
Manufacturers leave the state
The closure is among many manufacturers moving operations or ending operations in the state this year.
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SynSqor, a Boxborough-based power-conversion manufacturer, announced earlier this month that it is relocating its operations to New Hampshire early next year, resulting in the loss of hundreds of jobs.
According to the New Hampshire Business Review, the health care and security technology company Analgoic Corp. announced it is relocating its operations from Peabody, Massachusetts, to Salem, New Hampshire, bringing 500 jobs.
In August, Molex LLC announced plans to close its AirBorn Inc. facility in Taunton, eliminating 86 jobs through 2026, according to a state filing.
Cold Chain Technologies reported to the state in August that it was cutting 82 manufacturing jobs at its Franklin headquarters. According to the Milford Daily News, the packing company is relocating some operations to Texas and Tennessee.
The pharmaceutical company GSK reported to the state in July that it is laying off 150 employees. As The Boston Globe reported, it is transferring its vaccine manufacturing from Cambridge to Pennsylvania.
Azurity Pharmaceuticals also announced in July that it would close its Wilmington manufacturing facility by year’s end, resulting in the layoff of 75 employees.
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