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News
November 15, 2019 01:58 PM

Aetna Plastics acquires Cleveland Polymer

Rachel Abbey McCafferty
Crain’s Cleveland Business
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    Aetna Plastics

    Aetna Plastics Corp. of Valley View has acquired Cleveland Polymer Co. for an undisclosed price.

    In an email, Gary Davis, president and owner of Aetna Plastics, said the deal closed Oct. 31. He declined to share annual revenue for either company.

    Aetna Plastics is a supplier and fabricator of plastic piping systems and industrial plastics, a news release said; Cleveland Polymer was a plastic material supplier and fabricator.

    Cleveland Polymer had operated out of a steel distribution and fabrication warehouse in Bedford Heights; those operations have now been absorbed into Aetna Plastics, Davis said.

    Aetna Plastics has about 45 employees at its corporate office and warehouse in Valley View and its manufacturing facility in Mantua. The acquisition added two employees to the total employee count.

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