Ideal Industries, Inc. announced today that it is positioning for the COVID-19 recovery period by consolidating operations in its Vinton plant. Ideal's production in Oelwein will continue until June 11, 2020, in its north plant and until July 31, 2020, in its south plant. Noth locations in are in the Oelwein Industrial Park.

One-third of Ideal's Oelwein workforce will be retained. The consolidation is expected to be completed by August 31, 2020, and the production team transferring to Vinton will result in a 50% increase in Vinton employees. The company is working with Iowa Workforce Development as well as local resources to assist impacted employees with the transition. The company will provide a combination of severance and benefits continuation to displaced workers.

Patrick Lyons, president of Ideal Industries, commented, "We were planning to modify our production footprint when the coronavirus hit. Due to the current environment, those plans have been expanded and their implementation has been accelerated. Since early March, we have taken steps to keep our employees safe while preparing for this consolidation and the expected changes in near-term demand. I anticipate that our industry will recover but until it does, we will be well-positioned to weather the storm."

Ideal Industries is a contract metal fabricator founded in 1979. The company manufactures products that support the agricultural, construction, mining, transportation, food and pharmaceutical industries.

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