The company planned divestitures “by finding buyers who are industrial buyers, companies who are in manufacturing already who could focus on those businesses ... grow them as more of a core part of their portfolio,” said Gaut.
He declined to name the buyer of the Logansport plant, saying the unnamed company hadn’t given Gaut liberty to identify them.
“They’ve just said, ‘we’ve made a private transaction, that’s the way we want to keep it,’” said Gaut.
Cass County property records indicate that the entity that owns the plant, Carter Fuel Systems LLC, has an address in Cleveland, Ohio, that corresponds to the address listed on the website of Crowne Group, a manufacturer of automotive, aftermarket and industrial products. The Crowne website also lists Carter Fuel Systems among the seven companies in its Crowne Automotive Group.
Voice mail messages left at the phone number listed on Crowne Group’s website requesting clarification of the group’s connection with Carter Fuel Systems in Logansport were not immediately returned.
Ivy Tech-Logansport and Carter Fuel Systems will be continuing the plant’s training partnership with the college that started with Federal-Mogul, according to an Ivy Tech spokeswoman.
Jan Bailey, executive director for Ivy Tech Kokomo Region’s Corporate College and workforce solutions, said she was “confident” in the partnership.
“All the individuals that we’ve worked with before, we’re still working with,” Bailey said. “We work with them and they are still interested in the certified production technician [certification] when they hire people.”
Sarah Einselen is news editor at the Pharos-Tribune. She can be reached at email@example.com or 574-732-5151. Twitter: @PharosSME