General Foam Plastics To Close Norfolk And N.C. Factories If It Doesn't Find A Buyer By End Of Year

General Foam Plastics Corp., a company with factories in Norfolk and Tarboro, N.C., that has been making and selling artificial trees, kiddie pools and plastic Halloween pumpkin pails for 60 years, has warned employees at both plants that it will shut the facilities down if it can’t find a buyer before the end of the year.

The Virginia Beach-based company filed a WARN notice with the state indicating it would lay off 109 employees in Norfolk as a result of that factory’s closure. The company’s CEO said another 30 employees in its leased Virginia Beach office at 4429 Bonney Road had been offered severance. The company expects to move out of its headquarters before the end of the year.

The company’s brick factory has sat on 12 acres at 3321 E. Princess Anne Road since November 1963, according to Norfolk property records. In 2014, the company sold land across the street for $2 million that was eventually developed into a Wawa gas station and Walmart Neighborhood Market. Earlier this year, it sold a Virginia Beach factory it owned but hadn’t used for several years for $8.5 million.

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