Merrick building plant in West Virginia CORONA, CALIF. — Merrick Engineering Inc. plans to build a plant in Clarksburg, W.Va., and begin operations there this summer.
Merrick injection molds tubular hangers and closet storage shelving for retail outlets. The Corona-based company is investing about $5 million in a 10-acre site and building an expandable, 100,000-square-foot facility that eventually will employ 150.
"We want to be centrally located for the Eastern market," William Burke, Merrick vice president of manufacturing, said in a telephone interview.
Construction will begin when winter weather conditions ease.
Initially, Merrick will install two or three injection molding presses with clamping forces of about 600 tons.
Talks on the new project began last summer, said Bill Turner, senior manager of national accounts with the West Virginia Development Office.
Merrick was formed in 1973 and changed to a proprietary product line in 1986. In addition to molding plastics, Merrick imports metal and wood hangers, organizers and accessories. Abraham Abdi heads the privately owned company as president and chief executive officer.
Merrick employs 130 at a 125,000-square-foot plant in Waco, Texas, where it operates 10 presses of 300-600 tons.
Merrick's Corona site employs 280, occupies 147,000 square feet and operates 20 presses of 75-600 tons.
Feds demand information from ATP
EDGEWOOD, MD. — The federal government is demanding financial and other information from a Maryland producer of structural honeycomb core for aerospace and defense markets.
Government agents served a warrant Jan. 7 at Advanced Technical Products Inc.'s Alcore division in Edgewood. ATP said it will comply with the warrant from the U.S. District Court of Maryland, although "the company is unaware of the exact nature or extent of the government's investigation," according to a Jan. 10 statement.
Alcore primarily supplies aluminum and phosphoric-acid-anodized honeycomb. ATP makes a variety of composite materials and products, using processes including resin transfer molding, autoclave lamination and filament winding.
An affiliate of New York-based Veritas Capital Fund LP agreed in September to acquire ATP for $14.50 per share in cash, or about $135 million including debt. ATP shareholders approved the deal, which was scheduled to close by Jan. 31.
ATP acquired Alcore Inc. in 1997 and an Alcore reporting unit, Brigantine SA of Biarritz, France, in 1998. Together, the Alcore and Brigantine operations occupy 260,000 square feet, said a spokeswoman at ATP headquarters in Roswell, Ga.
Publicly traded ATP was formed in 1995 and reported a profit of $4.9 million on sales of $137.3 million for the nine months ended Oct. 1. ATP has other operations in Marion, Va.; Lincoln, Neb.; Deland, Fla.; and Glen Cove, N.Y.
AAPC puts VinylSource on selling block
MIAMI — American Architectural Products Corp., which went on a company-buying spree two years ago, now is divesting its noncore assets — the latest being extruder VinylSource Inc.
"Our core business is the manufacturing of windows and doors. [VinylSource] really doesn't fit into that," said John Schoenike, general counsel for AAPC, which recently moved its headquarters from Boardman, Ohio, to Miami.
AAPC bought the Girard, Ohio-based vinyl and aluminum window component manufacturer in early 1998. At the time, VinylSource was AAPC's first extrusion facility.
However, most of the extruded window components that VinylSource made were for companies other than AAPC, Schoenike said.
AAPC is ridding itself of noncore assets by selling some of the "less performing" companies in its fleet, although VinylSource does not necessarily fit into that group, Schoenike said.
AAPC owned only one other extrusion facility, Kreidel Plastics, in nearby Barberton, Ohio. That firm's only plant burned down in October after an employee set it on fire.
Though AAPC now will not be capable of extruding its own vinyl components, the company maintains that windows and doors will continue to be core assets. The company has no plans to acquire other extrusion facilities in the future, Schoenike said.