Fairfield Ledger

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Neighbors Growing Together | May 21, 2018

Faircast Inc. begins business as usual

By Nicole Major, Ledger staff writer | Jul 12, 2017

Faircast, Inc., the group that recently purchased certain assets of the formerly known Fairfield Castings LLC, opened its doors for business Thursday — hiring nearly 40 percent of the foundry’s former employees.

According to a news release, Faircast announced to the Fairfield Economic Development Association that it had immediately created 89 jobs; on July 3, Faircast filled those positions with experienced talent from the former foundry.

Before the foreclosure, Fairfield Castings employed 221 people, of which, most were displaced in June.

“The plan is to grow the business back to its former level,” said Faircast spokesman Roger Vorhies. “We want the foundry to be sustainable, so scaling into the growth is important to us.”

Vorhies, who said 12 owners make-up the Faircast group, explained that “the plan is to go up to prior levels of employment ... customer demand is what drives the business in employment.”

Vorhies said the group did not know for certain how long that would take, but that “the business plan should manifest itself in its entirety within 2017. It will become much more clear by the end of the year.”

Vorhies said Faircast doesn’t know how many Fairfield Castings customers were retained or how many were lost permanently. However, a number of previous customers are remaining loyal, and working with the company through the startup phase.

“The management team is in the process of renewing customer relationships, as well as reconnecting with previous suppliers,” Vorhies said. “These partnerships are critical to the foundry’s success.”

Vorhies said, although the plant was only closed for two weeks, it might as well had been two years.

“The startup is new in every significant way,” he said.

As far as the remaining displaced workers, FEDA executive director Joshua Laraby said strides were being made to assist them.

“What FEDA knows is that a portion of displaced workers are now back to work, and a portion have been placed in local companies. There are some folks who are still displaced,” Laraby said. “In response to the displaced workers, FEDA held a job fair to assist them in finding employment opportunities.”

Laraby said FEDA would continue to work to help those who lost their jobs.

Vorhies said Faircast was also working with FEDA.

“Faircast is working closely with Josh Laraby though this transition,” he said. “We’re looking at a variety of business development opportunities, including incentives. He’s been a great asset in the process.”

“It’s been a pleasure assisting the new ownership, and I am pleased that the operations will stay in Fairfield,” Laraby said.

The Ledger will report more on this story as information becomes available.

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