COPPERHILL, Tenn. (AP) -- Intertrade Holdings Inc. sold its organic sulfates plant to Cincinnati-based Pilot Chemical Corp., and a plant executive said there will likely be some layoffs as a result.
Intertrade comptroller Sandy Forrister said the transaction means ''we are probably looking at an 80 percent reduction'' in the plant's 40 employees.
She said the plant, which makes chemicals used in detergents, was sold due to increased costs for energy and fuel and aging equipment.
Pilot Chemical spokesman Matt Bray said the plant at Copperhill will be closed. He said terms of the transaction were not disclosed.
