Injection molder Majors Plastics expands employee stock plan

By Jessica Holbrook

Published: January 8, 2013 6:00 am ET

Related to this story

Topics Mergers & Acquisitions Injection Molding
Companies & Associations

OMAHA, NEB. (Jan. 8, 5:25 p.m. ET) — Injection molder and contract manufacturer Majors Plastics Inc. is now employee owned.

Through a recent expansion of Majors’ Employee Stock Ownership Plan (ESOP), the company’s approximately 500 employees now own 100 percent of the company.

The expansion also gives additional Majors’ employees the opportunity to participate in the plan, according to a news release.

Majors, based in Omaha, has been partially ESOP-owned for several years.

There are about 10,000 companies in the United States with ESOPs; about 4,000 of those companies are 100 percent ESOP-owned, according to data from the ESOP Association, a nonprofit advocacy group based in Washington.

Majors officials did not immediately return calls seeking information.

Majors runs 74 injection molding machines and operates three plants — one dedicated to injection molding and overmolding, one for contract manufacturing and assembly, and one for injection molding and clean room molding — plus a distribution center and warehouse on its Omaha campus. The company has a combined 226,000 square-feet of space.

The company had sales of about $62.5 million in 2011, up from $47.6 million the year prior, according to Plastics News’ survey of North American injection molders.

P&M Corporate Finance LLC was financial adviser to Majors.


Comments

Injection molder Majors Plastics expands employee stock plan

By Jessica Holbrook

Published: January 8, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Caplugs gets new private equity owner

April 16, 2015 11:17 am ET

Caplugs, a major producer of caps, plugs, tubing, netting and other protective goods for industry, has a new owner.    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events