The former Oneida Rostone Corp. is poised for growth in thermoplastic and thermoset injection molding with a new management team and stronger balance sheet. ORCplastics is the new name of the company following the March 16 merger of Oneida Rostone's parent company Reunion Industries Inc. with Chatwins Group Inc. The new Reunion Industries, with $225 million in annual sales, provides more opportunity for ORCplastics to grow, according to ORC President Robert Snyder.
Snyder said ORC plans to expand internally and through acquisition and is considering a manufacturing site in Mexico. The company also plans to streamline each of its six manufacturing plants and improve quality and customer response, Snyder said in a telephone interview.
"The merger provides ORC with a stronger and more stable foundation upon which to expand our businesses," Snyder said.
Snyder joined Oneida Rostone about a year ago and has recruited several new executives for ORC.
He previously was president of rubber and plastics auto parts extruder Draftex USA of Salisbury, N.C.
Other new executives include vice president of sales and marketing Vic Wisser; Donald Sexton, director of lean manufacturing; Keith Howe, vice president and general manager of the Rostone thermoset division; and Stephen Hughes, director of thermoplastic sales.
ORC opened a new corporate office April 1 in Charlotte, N.C. It predicts sales will increase 7.5 percent this year to $77 million. The company supplies parts to Tier 1 and 2 automotive companies and other industries. ORC runs five plants in the United States, including a tool shop, and a thermoplastic operation in Mullingar, Ireland.
Publicly held Reunion, formerly 37 percent owned by Chatwins, had been planning for more than a year to merge with Chatwins.
Chatwins, formerly a private company, runs five metal fabricating and machining businesses. Reunion is based in Pittsburgh.