LOGANSPORT —
Two top executives from MW Industries Inc., known locally as Matthew-Warren, are moving their offices to Chicago.
“The one thing I want to emphasize is Matthew-Warren is good,” said Jim Stuckmeyer, vice president of human resources at MW Industries. “At this point in time, a couple people are moving to the Chicago area that will provide for us a better way to travel and for logistics purposes.”
Bill Marcum, the company’s chief executive officer, and Scott Keihle, the chief operating officer, will soon be stationed in Chicago. In fact, Marcum was not available for comment Wednesday because he was traveling.
The statements from the company came just one day after Logansport Mayor Ted Franklin said, in reference to MW Industries, “we are on the verge of losing a major employer here in the city.” At that time, he called the news “devastating.”
Nolan “Skip” Kuker, president of Logansport-Cass County Economic Development Foundation , said Wednesday he heard the move would not affect the company’s local manufacturing operations, but he had not spoken with anyone from the company.
On Wednesday, Franklin said the news that just two employees would be moving from Logansport was “much more encouraging news.”
“It could be a lot worse,” he said.
MW Industries is the 15th-largest employer in Cass County and the 14th-largest in Logansport, according to figures provided by LEDF. It employs 167 people locally and about 900 people total at 13 facilities.
Franklin said the city would work to keep as many jobs as possible at Matthew-Warren and other local businesses.
“We, as the city, want to make sure we do anything we can to make Matthew-Warren profitable to be here,” he said. “We want them to know that we are concerned about their well-being and profitability.”
Matthew-Warren is a leading provider of highly engineered springs, specialty fasteners and other precision components to more than 23,000 customers, according to information provided by the company.
The company was purchased in June by San Francisco-based Genstar Capital LLC, a private equity firm.
Stuckmeyer said the combination of technology with the amount of travel the two executives had been doing made the move to Chicago logical.
“In today’s world with electronics, you could do so much with communication, such as email, video conferencing and webinars,” he said.
• Jason M. Rodriguez is news editor of the Pharos-Tribune. He can be reached at 574-732-5117 or jason.rodriguez@pharostribune.com.
Local News
Matthew Warren execs moving
Company silences stories of relocating Logansport plant
- Local News
-
-
Former LPD officer arrested, accused of theft
Former Logansport police officer Carlos Paul Leal was arrested Friday afternoon on two charges of theft, according to information obtained today by the Pharos-Tribune.
-
No jail for driver in fatal hit-and-run
A 25-year-old Logansport man admitted Thursday to leaving the scene of a deadly wreck last year, but he will not serve any time in jail as the result of a plea agreement.
-
Board backs 51 percent spike in utility rates
For Paul Hartman, the issue facing the Logansport Stormwater Management Board is pretty simple.
-
13-foot statue celebrating arts to stand in Logan
Logan’s Landing danced a little closer Thursday to sprucing up the downtown area and crafting the arts and design district it’s been longing to create.
-
Stormwater board OKs rate increase
The Logansport Stormwater Management Board this morning approved a 51 percent increase in its monthly rates.
-
LHS senior prank
As a senior prank, Logansport High School students moved the cow from in front of Happy Burger West to the Berry Bowl this morning. It was all in good fun, though. Bob Shanks, the owner of Happy Burger, was even on hand to pose for pictures.
-
‘It’s not about you’: Local mom shares journey of adopting foster children
Foster parenting isn’t always easy, says Juanita Jackson. Between caseworker visits and baby-sitting restrictions, the 42-year-old balances work and caring for five children as a single mom.
-
Longtime Lewis Cass teacher fired over license
Notwithstanding the impassioned pleas on Scott Rouch’s behalf, the Southeastern school board unanimously voted to cancel his teaching contract for “neglect of duty and other just causes.”
-
Jeremy Franklin charged with two felonies
A special prosecutor this week filed three charges, including two felony counts, against the son of the Logansport mayor.
-
Logan multiplex still in the works
Plans for a multiplex in Logansport are still in the works, but at least one city official hoped the process would move a bit quicker.
- More Local News Headlines
-
Former LPD officer arrested, accused of theft
Raw Video: Activists Allege Massacre in Syria
NJ Man Charged With Murder in Death of Patz
Support, Fun for Kids of Fallen Soldiers at Camp
Fugitive Penguin Caught, Returned to Aquarium
50 Years Later, Underground Fire Still Burning
Light Show Transforms Sydney Opera House
Raw Video: Unruly Passenger Restrained in Miami
Raw Video: Robber Uses Drive-thru Window
Raw Video: Dragon Arrives at Space Station
Calif.'s Coronado Named Nation's Best Beach
CEO Salaries Become Sore Issue in Labor Disputes
Raw Video: Fight Erupts in Ukrainian Parliament
Texan Ranchers Remain Wary of Drought
Raw Video: Soldiers Plant Flags at Arlington
Police: Man Arrested in Etan Patz Disappearance
NYC Protests: the Revolution Will Be Scripted
Chicago U.S. Attorney Fitzgerald Resigns
Neighbors of Etan Patz's Suspect: It's Shocking
Gulf Fishermen Reel From Seafood Troubles
Stuntman Makes Skydive Without Parachute in UK
