Ace Precision Castings, a Marshalltown manufacturer, will be closing its doors within the next two months, company officials announced.
The closure will affect 120 employees.
The company will be moving its business to Madison, Wis., where it will operate under the Madison-Kipp Corporation.
This move is being done to streamline operations so that the company can remain cost competitive.
In order to better compete and to meet the price levels in the market place, it is necessary for a domestic die caster to be closer to its customers and closer to its supply base, the company said in a press release.
The Madison-Kipp Corporation is encouraging Ace employees to interview for job opportunities at its Madison plant.