Reports say Dolly Inc., a Tipp City-based manufacturer of children’s nursery products, is closing at the end of the month. Reached by phone at his office Friday, Dolly owner Dennis Sullivan declined comment.
Sullivan has been quoted by other sources as saying his bank “would not allow us to continue to use our line of credit as had been available before.” He also said overseas competition from Chinese suppliers and domestic consolidation of the market had hurt the 85-year-old company, which employs about 70 people at its facility at 320 N. Fourth St.
Tipp City Assistant City Manager Brad Vath said he was informed of the closing July 28. He said he contacted the Miami County Job Center on behalf of the company so the job center could offer job retraining and employment assistance to the company’s workers. Vath said he also contacted the Ohio Department of Development to see if state assistance was available. But the DOD told him Dolly’s financial issues were too far along to be able to help.
Vath said he understood that Dolly is attempting to sell to another company.Dolly’s closing means Tipp City will lose between $25,000 to $30,000 annually in income tax revenue, Vath said.