Oxford, Conn. — Rich Dorans has been appointed president of PTA Corp., an Oxford-based injection molder that specializes in engineering for low/medium volume and high mix solutions.
He replaces CEO Ray Seeley, who is retiring after 50 years in plastics manufacturing, effective March 1. The employee-owned company, which does business as PTA Plastics, has plants in Oxford and Longmont, Colo.
Seeley acquired PTA Plastics in 1994 and began to develop a long-term strategy for the business. That eventually led the the employee stock ownership plan.
“The widespread employee commitment and loyalty guided the decision to establish an ESOP in 2012, vs. selling PTA to an outsider, which has proven to be the right decision,” Seeley said in a news release.
“Although my retirement was planned, the departure arrives with mixed emotions; first of gratification followed by uncertainty as I eagerly discover new routines after working for 50 years,” Seeley said.
Dorans has been a senior executive at PTA for 35 years, most recently as chief operating officer. He graduated from Illinois State University and is active in the Manufacturers Association of Plastic Processors.
“We will continue our unique ESOP ownership where we all share a collaborative achievement which directly correlates to the success and satisfaction of our customers,” Dorans said.