Warren closes in on CVG purchase
SHADYSIDE — An attorney for Warren Distribution said the company has a “signed letter of intent” to purchase the Commercial Vehicle Group plant, but it seems officials are confident in the final acquisition because the new sign at facility’s entrance displays the Warren logo.
Omaha, Neb.-based Warren operates a blending and packaging business in Glen Dale. In July, Warren Chief Operating Officer Donna Weeda said her company was in negotiations to buy the Shadyside facility.
This was almost exactly one year after CVG announced plans to cease stamping operations at the Shadyside plant — and put 172 employees out of work.
This week, attorney Amelia Prickett, who represents Warren Distribution, said her company has the signed letter of intent. As long as the terms and conditions are met, the sale should become final, she said.
“We’ll use that facility as an extension of our Glen Dale, W.Va. facility,” Prickett said. “We are hoping to expand our business and operations.”
Prickett said she could not provide more details about the deal, or Warren’s intentions for the plant, until the acquisition is final. Officials with CVG did not respond to requests for comment.
A security guard at the plant Friday said he did not know how many people were inside, but said some work was taking place.
Belmont County Commissioner Mark Thomas said he visited the plant this week.
“There is a lot of activity at it and we look forward to Warren Distribution expanding from Marshall County in Belmont County,” he said. “While we were not directly involved with brokering the deal, we are pleased that the facility will create good jobs for Shadyside and all of Belmont County.”
Warren’s website shows it began work in Glen Dale in 2006, while it also maintains operations in Iowa and Alabama, in addition to its Nebraska headquarters. The company describes its work as a “manufacturer, marketer and distributor of automotive after-market products.”
On July 21, 2016, CVG officials announced intentions to close the Shadyside plant. At the time, company leaders said they would move the work that had been done at the facility along Ohio 7 to “alternative facilities,” including one in Agua Prieta, Mexico.