It's been a busy 76 years for Parkway Products LLC, a Greenville, S.C.-based custom injection molder that's growing both organically and through acquisition.
The company has more than 800 employees in nine facilities — all in the U.S. and Mexico. Parkway specializes in precision molding of both high-performance and advanced materials.
CEO Andrew Green is bullish on the company's outlook.
"The growth rates in injection molding are very attractive. More and more parts are made with high-performance plastics," Green said in a telephone interview. "We have a strong customer portfolio and a strong balance sheet, so we have the ability to invest in the business."
The company, which was founded in 1946, is a leader in five diversified, highly engineered manufacturing technologies and is ranked No. 72 in the current Plastics News listing of North American injection molders, with estimated plastic molding sales of $140 million.
Green said Parkway has more than 200 active customers, and that includes long-term relationships with 26 Fortune 500 clients.
Technologies where Parkway specializes are high-performance polymer molding, machined plastics solutions, magnesium Thixomolding, thermoset molding and thermoplastic injection molding.
According to Green, that portfolio differentiates Parkway from its competition.
"Our breadth and depth of product offerings provides new and existing customers significant benefits," he said.
Target markets include aerospace and electronics, health care, agricultural, heavy truck, off-road vehicles, industrial, automotive and infrastructure.
Parkway was founded on April 1, 1946, in Cincinnati by Edward Willig and his sons, Edgar and Donald. The company was originally named Parkway Patterns, but later increased its offerings to include plastic injection molding and changed its name to Parkway Products in 1964.