A St Joseph packaging firm founded nearly a century ago has closed, eliminating 54 jobs. Climax Packaging, at 4515 Easton Road, shut its doors Friday.

Delta Point Capital Management bought the Missouri plant’s assets in 2009 and made it a unit of Climax Manufacturing, based in upstate New York.

The parent company now says the plant is no longer profitable and that attempts to find a buyer have been unsuccessful.

The company was founded in 1905, making folding paper boxes and corrugated shipping cases. Later, the firm began making gift boxes for national retailers.