Apex Tool in Springdale to Close

SPRINGDALE, AR -- APEX Tool Group is closing its Springdale facility after 45 years. The Chamber of Commerce made the announcement Thursday, August 7.

According to Chamber President Perry Webb, APEX's corporate offices decided to consolidate a Springdale plant, as well as one in Texas.

“We were informed today of the corporate decision by APEX Tool Group in Sparks, MD, that it plans to merge its Springdale location and a plant in Texas into a third location in South Carolina," Webb explained in a statement Thursday. "We have known for some time that plant consolidation was part of the company’s long range plans. We were the beneficiary of this strategy in 2009 when we were able to assist our local plant in securing consolidated tool lines from New York at the time APEX Tool Group was formed by Danaher Tool Group and another tool firm."

Webb says that, while the news hurts, he knows his city will rally around the affected workers.

“This plant has been a part of Springdale’s economy for more than 45 years and we are saddened by this decision. While this is a setback, it is our understanding that there will be no immediate layoffs. That gives us time to mitigate the impact of this announcement through continued job creation in Springdale," he said. "As the state’s leading job creator since 2010, there is no city in Arkansas better equipped to deal with a layoff like this.  We have pending announcements plus high quality job creation projects in the pipeline that will help our community move forward.”

Springdale Mayor Doug Sprouse also released a statement on Thursday.

“I am disappointed to hear of the corporate decision to move Springdale’s plant to another state and am saddened for the employees and their families who are impacted," he said. "APEX Tool Group, and Danaher Tool before it, have been excellent corporate citizens for many years. Layoffs are never good news but we are confident our strong local economy will continue to create quality jobs that can address the demand created by this announcement.”

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