ORMOND BEACH, Fla. – FGX International, based in Smithfield, bought a Florida-based company in December and has decided to shut its facilities and consolidate its operations in Rhode Island, The Daytona Beach News-Journal reported Wednesday.
FGX International, designer and marketer of sunglasses and reading glasses, decided to shut StyleMark Inc.’s packaging and distribution center in Ormond Beach by the end of next year and lay off most of the facility’s 250 workers.
FGX CEO Alec Taylor told the newspaper that it “made more sense to consolidate its operations in Smithfield, rather than maintain an essentially duplicate operation in Ormond Beach.”
About 10 percent of the workers in Ormond Beach will have an opportunity to relocate to Rhode Island. The rest will be laid off, with severance, during the next 21 months.
“We had many of the same retail customers, so it doesn’t make sense to package and ship sunglasses to CVS and Walmart from Ormond Beach and reading glasses to the same customers from Rhode Island when we can fill the lines at one place in one order,” said Taylor to The Daytona Beach News-Journal.
“FGX has retained SyleMark’s 40 employees in New York City who oversee department stores sales, a prime target in the acquisition,” the newspaper said, citing Taylor. But a design center in Dallas was closed and four of the dozen employees agreed to relocate to Rhode Island.
PBN is now accepting applications for its newest award program and event for RI & Bristol County to celebrate the Manufacturing Renaissance that is evolving regionally and across the country. The deadline for applications is March 20th.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.