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

Castle Harlan buys landscape erosion control firm Tensar

July 30, 2014 3:46 pm ET

Private equity group Castle Harlan inc. has acquired Atlanta-based Tensar Corp., with plans for the geosynthetic products maker and its subsidiaries...    More

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

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

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

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

More Events