Mauser Packaging Solutions, a global supplier of rigid packaging products and services, expects to close its aerosol can business this July.
The organisation's aerosol arm, which is located in Sturtevant, Wisconsin in the US, is experiencing 'ongoing economic difficulties', wrote Roger Pugh, director of human resources, in a letter addressed to the Wisconsin Department of Workforce Development.
If the closure goes ahead, 42 employees would lose their jobs.
However, Mauser Packaging Solutions is 'considering a number of options', including a potential sale, merger or other strategic transaction - although no definite plans have emerged.
Proceeds from the financing will be utilised to refinance the company's existing credit facilities and fund additional working capital to finance its continued growth and capital expenditures
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