“Like many other manufacturing companies in the ‘rust belt,’ CAM has been struggling for several years to become profitable,” company president Terry Brill wrote in a prepared statement, without giving details of the losses. “CAM’s diligence and efforts proved to no longer be of value.”
Other manufacturers have begun hiring CAM employees who stand to lose their jobs, Brill wrote. He did not say how many CAM employees remain. In February, the company had approximately 65 employees.
Thompson Auctioneers, of Fairborn, is to auction off CAM’s assets on June 14.
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