CHIPPEWA FALLS, Wis. (WEAU) -- There’s been a major change in ownership for an international company who employs a lot of people locally.
Hewlett Packard Enterprise, or HPE, has made a deal to purchase Silicon Graphics International, or SGI.
SGI is home to roughly 300 employees at the Chippewa Falls Plant located off of Seymour Cray Boulevard. But with such a major change in ownership, what does this mean for employees?
Late last week, HPE announced it bought SGI, a computer storage and software company, for $275 million.
SGI has had a plant operating in Chippewa Falls since 1996.
Both companies say there is no word yet on what this will mean for workers, but local leaders say they hope it will bring growth to the area.
"I'm optimistic that HPE will see the quality of the employees and the facilities here and grow them," Mike Jordan, the President of the Chippewa Falls Chamber of Commerce, said.
"It's really a good move,” Chippewa Falls Mayor, Greg Hoffman, said. “The company is well-established, HPE; they have quite a bit of funds. I know the staff at SGI is enthused by it, but there's a lot of unknowns and we don't know: will they bring more jobs in? Will they take jobs out?"
In 2009, SGI laid off about 10% of their workforce in order to reduce costs and streamline operations.
This also isn't the first change in ownership for SGI; back in the late 2000s, SGI filed for bankruptcy and was bought by a different company, Rackable.
An HPE spokesperson sent us this in a written statement about the acquisition:
"SGI's world-class manufacturing operation in Chippewa Falls, Wisconsin, will be a key differentiator for the combined organization, and HPE is committed to maintaining and investing in that facility and integrating it into HPE's supply chain as quickly and seamlessly as possible."
Mayor Hoffman told WEAU that there won't be more information about possible layoffs or new jobs until the deal is finalized early in 2017.