Medical plastics molder Spectrum Plastics Group is closing its plant in Athol, Mass., according to a recent filing with the state.
The closing of the plant will take place by March 31 and will affect 59 employees, according to the filing made by Alpharetta, Ga.-based Spectrum. Officials with the firm could not be reached for comment.
Spectrum makes components and devices for medical and other markets. The firm employs more than 2,100 at 20 global sites, including 14 in the U.S. It was No. 112 in the most recent Plastics News ranking of North American injection molders with $65 million in sales in the region.
It has an estimated $30 million in extrusion sales in the region, placing it at No. 90 in the most recent PN ranking and its $4 million in mold making puts it at No. 97 in the most recent PN ranking.
Products made by Spectrum include injection molded parts, flexible packaging and film, extruded tubing, catheters and medical balloons. In addition to medical, the firm sells into industrial, defense and food and beverage.
Alpharetta, Ga.-based Spectrum got its start in 2017 when private equity firm of Kohlberg & Co. LLC acquired Pexco LLC and merged it with its PPC Industries Inc. business. AEA Investors bought Spectrum less than a year after its launch.
Since then Spectrum has been acquiring companies in custom and specialty plastics end markets including medical, food and defense.