MIAMI, OK — A Canadian manufacturing company plans to reopen a gas can plant, bringing 80 jobs to northeast Oklahoma, a Miami city official said Thursday.
The U.S. Bankruptcy Court in Wilmington, Del., approved a $9.5 million offer from Toronto-based Sceptor to buy Blitz USA, said Philip Monckton, vice president of sales and marketing. Sceptor bought the land, equipment and other assets, he said.
Blitz U.S.A./F3 Brands in Miami filed for Chapter 11 bankruptcy protection and closed its plant July 31, laying off 117 workers. Company officials said product liability lawsuits prompted the 50-year-old company to file for bankruptcy.
Scepter supplies 20 to 25 percent of the U.S. market with the consumer fuel containers, Monckton said.
The sale will become final Sept. 28, he said.
Company officials visited the Miami plant and were pleased with its location, he said. One of the projects the company will undertake is to develop new plastic molds, Monckton said.
Michele Bolton, Miami Area Chamber of Commerce interim executive director, said the company will open in the spring.
“We hope our legislators fight for tort reform that will limit frivolous lawsuits that caused Blitz to file bankruptcy,” Bolton said.
Sceptor specializes in portable marine fuel tanks and military fuel and water tanks; PoleSharks, a device used with utility poles and pole top rescues; and consumer gasoline containers, according to the company's website.