MOUNT PLEASANT, IA -- Sparton Corp., a Michigan-based contract manufacturer, may buy and save Celestica's assembly factory here, a local TV station reported last week.

Celestica announced plans to close the plant, which employs 340 workers, this year. But if the company keeps the 70,000 sq. ft.  plant open for "for about a year," WHO-TV reported, Sparton will generate sufficient defense and commercial contracts to support the factory.

The plant makes electronic assemblies for Motorola radios, WHO-TV said.

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