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

Born to be plastic — a DIY Harley-Davidson

February 27, 2015 11:12 am ET

Owning a real Harley-Davidson was not enough for bike nut Peter Manning; he wanted a model of his favorite motorcycle too.    More

Image

Ferro acquires TherMark Holdings for $5.5 million

February 26, 2015 12:15 pm ET

Ferro Corp. said it acquired privately held TherMark Holdings Inc., a laser marking technology company, for $5.5 million in cash.    More

Image

Serbia puts Krušik-Plastika up for sale

February 26, 2015 11:39 am ET

The Serbian Privatization Agency has launched the privatization process for local plastics maker Krušik-Plastika. The agency says it is...    More

Image

3i to sell specialty chemicals company Azelis to Apax Partners

February 26, 2015 11:36 am ET

Azelis Holding SA, the specialty chemicals distributor, is being sold by its private equity owners 3i Group plc to another private investment outfit, ...    More

Image

Michigan thermoformer moving into larger location

February 25, 2015 4:04 pm ET

Thermoformer Display Pack Inc. has purchased a large manufacturing building in Cedar Springs, Mich.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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

Plastics in Mexico - State of the Industry Report

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

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

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

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

More Events