Quadion closing South Dakota molding plant

By Frank Antosiewicz
Correspondent

Published: December 2, 2013 6:03 pm ET
Updated: December 2, 2013 6:05 pm ET

Related to this story

Topics Injection Molding

Quadion Corp., d.b.a. Minnesota Rubber & Plastics, plans to shutter its Watertown, S.D., facility by the fourth quarter of 2014.

The Minneapolis-based company said it has significant excess capacity in its worldwide manufacturing operations, and that the Watertown plant is located in an aging building, which was built in 1966, with antiquated manufacturing equipment.

Production will be transferred to facilities in Litchfield, Minn.; Mason City, Iowa; Reynosa, Mexico and Suzhou, China.

Quadion also has plants in Plymouth, Minn.; River Falls, Wis.; Irvine, Calif.; and Pac-sur-Eure, France. The company molds products from rubber and thermoplastics and employs more than 1,000.

The closure impacts 171 employees, according to the South Dakota Department of Labor and Regulations. The company and the state are working to find employees positions with other companies.

Quadion was acquired by private equity firm Norwest Equity Partners of Minneapolis in September 2012.

 


Comments

Quadion closing South Dakota molding plant

By Frank Antosiewicz
Correspondent

Published: December 2, 2013 6:03 pm ET
Updated: December 2, 2013 6:05 pm ET

Post Your Comments


Back to story


More stories

Image

Houston Plastic continues to grow with new press, controlled production area

October 1, 2014 11:32 am ET

Custom injection molder Houston Plastic Products Corp. has extended its clamp tonnage range and added an environmentally controlled molding area.    More

Image

Ohio molder Denbro Plastics moves to new location

September 29, 2014 6:17 pm ET

Logo products injection molder Denbro Plastics Co. has moved to another plant within Toledo, Ohio, to streamline production and improve efficiency.    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and...    More

Image

Cascade founder believes business can be a place for real change

September 25, 2014 11:06 am ET

Companies can make a difference in a person's life, and Fred Keller, founder of Cascade Engineering Inc., believes it is important that they do.    More

Image

Deal combines two Minnesota molders

September 25, 2014 3:00 pm ET

Imperial Plastics Inc. has extended its injection press tonnage with the acquisition of another Minnesota custom molder.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events