ELKHART, IND. (Jan. 6, 12:30 p.m. ET) — Injection molder Pinckney Molded Plastics will close after being acquired by Alpha Systems LLC, resulting in the loss of 47 jobs.
Howell, Mich.-based Pinckney will close its plant there by the end of March, according to a Jan. 6 article in the Howell Daily Press & Argus newspaper. Pinckney's main products are shutters sold into the residential housing market. Retailers carrying Pinckney's shutters include Lowe's and Menard's.
Pinckney had been owned by Menasha Corp. of Neenah, Wis., since 2008. Menasha recently sold the business to Alpha, a maker of various products for the RV, marine, commercial roofing and housing markets based in Elkhart, Ind. Alpha will move Pinckney's production equipment to its own location in Indiana, according to the article.
Pinckney had been in business for about 20 years, and at one point had as many as 100 employees, the article said. Some Pinckney employees may be offered positions with Alpha, it added.
Officials with Alpha and Menasha could not be reached for comment. Menasha also owns Orbis Corp., which just assumed full ownership of plastic sheet maker Corbi Plastics of Madison, Wis. Menasha's businesses in plastic and paper packaging – as well as promotional work – have annual sales of about $1 billion.