Business Closures

Alton Steel formed in the early 2000s after its predecessor, Laclede Steel, declared bankruptcy. After nearly 25 years of business, Alton Steel leaders say their business’ challenges could not be overcome.

Addington Place managers announced this month that the facility is closing in April because the owner of the building sold the property, and the new owner does not want to use it for assisted living.

Another Save A Lot store, at 2600 State St., remains open. It is not owned by the same person.

While there is a Schnucks and Aldi on the same road, Walmart’s closure in the lower-income community will limit options for residents, experts say.

Many small or mid-size businesses could end up closing in the near future because their aging owners don’t have a clear transition plan.