PendaForm closing two plants

By Catherine Kavanaugh
Staff Reporter

Published: December 6, 2013 3:21 pm ET
Updated: December 6, 2013 3:23 pm ET

Related to this story

Topics Mergers & Acquisitions, Thermoforming

PendaForm Co. is closing plants in Ohio and Indiana and laying off a total of 79 employees in the upcoming weeks and into early 2014.

The New Concord, Ohio-based holding company was created in July when Penda Corp. acquired Fabri-Form Co. The two heavy-gauge thermoformers remain wholly owned subsidiaries.

The facilities shutting down are both Fabri-Form businesses. A 60-year-old plant in Pekin, Ind., will close on or near Jan. 1, putting 37 employees out of work and leaving the town without its biggest utility customer.

Then, a 70-year-old plant in Byesville, Ohio, will stop operating on or near March 31. Forty-two workers got pink slipped, including 18 extruder operators.

FabriForm’s customer base includes heavy truck, automotive packaging, food and medical end markets while Penda, which has been around 35 years, makes accessories for the light truck market and bills itself as the largest Tier 1 supplier for thermoformed automotive components.

Lani Williams, human resources director for PendaForm, said the company declined to comment.

In Pekin, 32 of the affected workers, including 26 operators, will be out of a job by Dec. 20 and the other five by Jan. 3, according to the Indiana Department of Workforce Development. None of the workers belong to a union or have bumping rights.

In Byesville, the layoffs will begin by the second week of 2014. The employees are represented by the United Auto Workers Local 2024 and some reportedly have been offered jobs in New Concord.

Fabri-Form got its start in Byesville in 1943. The site supplied sheet stock to other manufacturing locations. The Pekin plant opened in 1953 to produce refrigerator door liners for General Electric Co. The facility later diversified into school cafeteria tote trays and other products. Much of the current manufacturing operation revolves around freight liner parts for the heavy truck industry.

PendaForm CEO Jack Slinger had said in July there would be no changes to how business transactions are handled with customers or vendors.

The combined companies formed the “undisputed leader” in heavy-gauge thermoforming in North America with $150 million in revenue, according to a joint statement from the private equity firms of Resiliance Capital Partners and Littlejohn & Co., which first had Penda as a portfolio company.


Comments

PendaForm closing two plants

By Catherine Kavanaugh
Staff Reporter

Published: December 6, 2013 3:21 pm ET
Updated: December 6, 2013 3:23 pm ET

Post Your Comments


Back to story


More stories

Image

Contigo, Avex buy lets Newell Rubbermaid leapfrog new bottle development

July 22, 2014 4:11 pm ET

Newell Rubbermaid Inc. is ready to accelerate its move into the reusable water bottle business with the purchase of two on-the-go drinkware brands.    More

Image

Newell Rubbermaid to acquire Contigo brand

July 21, 2014 5:00 pm ET

Consumer products company Newell Rubbermaid Inc. has signed an agreement to acquire Ignite Holdings LLC, owner of the Contigo and Avex brands of...    More

Image

Huhtamäki to evaluate its films business

July 21, 2014 9:52 am ET

Finland-based plastics packaging group, Huhtamäki Oyj, has announced that it is evaluating its options regarding its films business, due to its...    More

Image

Thermoforming Technology Group adds Lyle Industries to its portfolio

July 18, 2014 2:48 pm ET

Thermoforming Technology Group LLC has expanded its thermoforming equipment presence with the acquisition of Lyle Industries Inc.    More

Image

Polynt, CCP create composite resins giant

July 18, 2014 10:13 am ET

France's Total SA has agreed to sell CCP Composites to Polynt Group SpA, based in Italy, for an undisclosed price.    More

Market Reports

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

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events