PRATTVILLE, Ala. (AP) - One of Alabama's oldest factories is shutting down its Prattville plant, and laying off 150 workers.
Continental Eagle, which began operations in the 1830s, announced it is being sold to Savannah, Georgia, based Lummus Corporation.
The Prattville plant manufactures cotton gins.
Continental Eagle executives said the merger was necessary because of a shrinking U.S. cotton industry.
(Copyright 2007 by The Associated Press. All Rights Reserved.)