About 100 union jobs will be eliminated at Kuhlman Electric Corp. in Versailles as the company sells off part of its transformer business.
Kuhlman is selling its pole-mounted and round submersible transformer businesses to Power Partners, Inc. of Athens, Ga.
Kuhlman's Versailles plant has about 200 employees, Kuhlman said in a statement on Monday.
"As a result, the company is seriously considering the possibility of permanently closing the Versailles manufacturing facility," Kuhlman said in the statement.
The sale to Power Partners is the result of "the downturn in the economy and a continuing weak housing industry, the company said.
"All employees were informed of this sale and possible (plant) closure," Kuhlman added. "Our thoughts are with those who will be affected and their families."
Spokesman Ron Kurtz declined to answer questions, saying more information will be released when it becomes available.
Kuhlman, which was founded in 1894 in Elkhart, Ind., began making transformers in Versailles in 1969 and moved its headquarters there in 1991.
During the 1990s, Kuhlman was sold to Borg Warner and then to the Carlisle Group in 1999. Carlisle sold the company to a Swiss corporation, ABB Ltd., in July. Kuhlman's revenues were about $250 million in 2007, Carlisle said in announcing the sale.