A 60-year-old Chattanooga medical supply company is in the process of closing down and laying off 316 workers as it falls casualty to a merger.
DJO/Chattanooga Group, 4717 Adams Road, began winding down operations in June and will close completely by sometime in spring 2010, said company spokesman Mark Francois. The Tennessee Department of Labor and Workforce Development released information on the closure today.
In 2007, Vista, Calif.-based DJO, owner of Chattanooga Group, merged with ReAble Therapeutics Inc., which is owned by the Blackstone Group asset-management company. DJO was converted from a publicly traded to a privately traded company and its operations are being consolidated with those of ReAble Therapeutics, Francois said.
Various parts of the Chattanooga company will be moved to other locations Francois said. Manufacturing will go to a plant in Mexico, customer service to Vista, Calif., and other operations moved to different facilities in the United States and abroad.
