Columbia City, IN - A defunct steel plant in Columbia City is back up and running after a group of investors bought its assets.
Fort Wayne-based EMA Acquisition LLC bought the assets of the former Eagle Metal Abrasives plant in Columbia City at an asset auction in November. EMA Acquisition named the plant Indiana Metal Products LLC.
Eagle Metal Abrasives, which started production in September 2006, operated for only a few months before going out of business, Ken Kinsley, president of Indiana Metal Products, said Wednesday.
The company is using the same building at 2499-5 S. Whitley County Road 600-E that Essex Electric formerly used.
On March 18, the new company began producing steel shot, tiny pellets used by foundries and shipyards during metal production. Indiana Metal Products has nine employees and expects to add six more by the end of June. Kinsley said the jobs pay an average of $15 hourly.