Parkway Products Inc. has purchased Solvay Advanced Polymers LLC's injection molding facility in Atlanta, with plans to integrate it into its lineup of high-end engineered production.
Solvay Advanced Polymers, part of Brussels, Belgium-based conglomerate Solvay SA, and Parkway announced the deal for an undisclosed price June 29. Solvay originally opened the Atlanta plant to fine-tune production of its Torlon polyamide imide and Kadel polyketone resins.
Now that work has been shifting to molders, said Joe Klunk, executive vice president and chief operating officer for Florence, Ky.-based Parkway.
``This really is what we specialize in,'' he said. ``We're very familiar with these resins, so it makes a very good fit for Parkway.''
The Atlanta operation has about $7 million in sales and 35 employees who transferred to Parkway along with the customer list. The site makes components for transmissions, compressors and other functional parts for the automotive, military and aerospace industries.
There are about a dozen presses in Atlanta, along with extensive secondary processing equipment for the highly automated facility, Klunk said.
The plant's existing contracts also boost Parkway's sales to the auto industry. Its biggest sales are in the medical equipment, aerospace, electronic and telecommunications fields.
Parkway has six U.S. plants and two in Mexico, all specializing in technically demanding products, he said. In addition to injection molding, the firm does compression, vacuum pressure, resin transfer and hand layup molding of composites; and processes rubber and metal, including thixotropic molding of magnesium.
