Charleroi glass plant sale blocked by Federal Trade Commission
CHARLEROI, Pa. —
Sources monitoring the sale of Corelle Brands' glass plant tell Pittsburgh's Action News 4 that an impending sale to German glass maker Sediver has been terminated.
This development is due in part because the sale does not meet the criteria set forth by the Federal Trade Commission, specifically because Corelle Brands is a consumer glass manufacturer, while Sediver is a commercial glass manufacturer.
It is a blow to the Charleroi community because nearly 300 employees lost their jobs when the plant shut down earlier this year, and it was the hope of the community that those jobs would be brought back with the impending sale to Sediver.
Corelle Brands is owned by Anchor Hocking, and in a memo obtained by Pittsburgh's Action News 4, it says the sale does not alleviate concerns of the FTC.
It further states that Anchor Hocking "is the subject of an investigation by the Federal Trade Commission relating to its acquisition of certain former Corelle Brands assets, including the facility in Charleroi."
State Sen. Camera Bartolotta, R-46th District, responded to the developments with disappointment.
"My one and only goal is to try to save this glass plant somehow, some way, in this tiny little town that just had the life kicked out of it in too many ways in the last couple of years," Bartolotta said.
Pittsburgh's Action News 4 reached out to the FTC for a statement, but did not receive a response.
"I'm hoping that the FTC understands there's more involved here, there's much more at risk here in this tiny little town," Bartolotta said.
https://www.wtae.com/article/charleroi-glass-plant-federal-trade-commission/67953249
hey POTUS….
a foreign invester wants to buy the recently shuttered corning glass plant in Charleroi PA
your assho FTC is blocking the sale
you keep bloviating about all the foreign investment yer bringing in
this isn't just about 300 long time american workers at one plant
this closure will be a death blow to the entire city
wanna get yer thumb outta yer ass and knock some heads over at the FTC?
sry….
NOT sry