BARTLESVILLE, OKLA.—Nomaco Inc. announced it will close a polyethylene foam insulation operation it acquired three months ago.
The company will shut the former Imcoa Inc. facility at Bartlesville in mid-March. Nomaco vice president of marketing John Leeming said in a statement the closure is ``due to economic conditions,'' and that Nomaco will move the plant's operations to Nomaco facilities in Zebulon, N.C., its headquarters, and to Youngsville, N.C.
Nomaco acquired Imcoa in October when it formed a strategic alliance with Schuller International Inc. of Denver. Schuller earlier agreed to buy Imcoa and included it in the alliance.
Officials referred questions to Leeming, who was unavailable to elaborate on the reasons for Bartlesville's closure. Imcoa built the 100,000-square-foot plant in 1995 to relocate from Fort Worth, Texas. It recorded $10 million in sales that year. It makes PE foam insulation for pipes and ducts and employs about 85.
Schuller's parent company, Schuller Corp., is the former Manville Corp. Schuller International makes a range of insulation and building products, including polyisocyanurate foam insulation, and glass fiber and calcium silicate products. Nomaco makes engineered plastic foams for construction, automotive, packaging and other markets, according to a report in Tulsa World newspaper.