Wauconda, Illinois-based Stack-On Products, a manufacturer of security cabinets, gun safes, fireproof and waterproof safes, and other storage and organization products, has announced that they will close their two domestic operations and move to Juarez, Mexico and layoff 153 people in the process.
The driving force behind this decision is said to be the Trump Administration’s tariff on Chinese steel.
The company now operated two foreign plants, one in Mexico and one in China. The company’s major customers are the mass retailers and big box stores. According to a company spokesperson, “The operation is really not profitable here.”
Founded in 1972, Stack-On was acquired last year by Las Vegas-based Canon Safe and New York private-equity firm MidOcean Partners and operates as a division of Las Vegas, Nevada-based Alpha Guardian
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