Sealaska Corp. is launching an assembly and welding company and adding Sam Landol, a former Nypro Inc. official, to oversee its overall manufacturing and service subsidiaries.
The new subsidiary is Olympic Fabrication LLC, a Shelton, Wash.-based company that will serve the aerospace, nuclear and military industries.
Juneau, Alaska-based Sealaska recently acquired the assets of Olympic Tool & Engineering Inc. Olympic had been under Chapter 11 bankruptcy protection. The new subsidiary will occupy Olympic's 60,000-square-foot facility. Company officials plan to add employees to its 53-person workforce.
Sealaska has controlling interests in three joint venture plants with Nypro, a Clinton, Mass.-based plastics processor. The companies operate Nypro Kanaak in Dothan, Ala.; Mount Pleasant, Iowa; and Guadalajara, Mexico.
Landol is leaving his position as president of European operations for Nypro, to join Sealaska as its chief operating officer, effective Feb. 19. He led Nypro's operations in France, Ireland, the United Kingdom, Hungary, Finland and Russia. Before that, he served as president of Nypro Latin America. He's also a visiting lecturer in Harvard Business School's masters of business administration program.
``Sealaska is pleased with Sam's successful track record and leadership in growing companies globally,'' said Sealaska President and Chief Executive Officer Chris McNeil Jr., in a news release.
McNeil also pointed to Landol's experience with implementing lean programs to improve profitability. Landol will be charged with expanding Sealaska's customer base by emphasizing the firm's diversity supply programs.
Sealaska was formed to serve the indigenous peoples of southeast Alaska and has more than 17,300 shareholders. By federal law, it is considered a minority and economically disadvantaged business enterprise.